Not Just Equities: Chinese Investments In American Real Estate Now Tops $100 Billion – ValueWalk
May 17, 2016
Residential property: Between 2010 and 2015, Chinese buyers spent at least $93 billion on homes, including condominiums, for occupancy and investment. Spending rose at an annual rate of 20% and provided important demand in many local markets hit hard by the housing crisis. Chinese buyers paid substantially more, on average, per home than other international buyers because of their concentration in prime neighborhoods in California and New York.
Sourced through Scoop.it from: www.valuewalk.com
Not news to anyone within 100 feet of any real estate conversation in the Bay Area. There are at least two of the new high rise apartment plans in downtown San Jose, are Chinese Investor Groups.
I hear that residential investors are now moving to more affordable areas near the Bay Area. Recent article stated Sacramento rents are seeing double digit increases this year. A tale-tale sign of investors moving into areas and purchasing residential rentals. New owner, new rent amount.