“All the activity you have seen with Chinese investors investing in international property will pale in significance with what’s about to happen,” Henry told an international audience during a Nov. 13 session at the REALTORS® Conference & Expo in San Diego.
A key motivator for people in China who can afford to buy property in the United States and other countries is the desire to send their children to school outside China, Henry said. They are also often looking to build on assets they have accumulated at home by placing financial bets in other places, although most are not looking to physically leave China themselves, he added. “People who are buying international property are already very property rich in China,” Henry said. “They have many houses in China already, and the property they have offshore is diversifying their portfolio.”
Henry advised cities interested in attracting Chinese real estate investors to take steps to attract them as tourists. “The single most important thing you can do to reach the Chinese buyer is destination marketing,” he said. “The places where they go on holiday are the places where they first purchase property.”
You can expect to see the property values continue to appreciate in these areas that attract Chinese real estate investors.
SOURCE: DAILY REAL ESTATE NEWS
If you have any questions, feel free to contact James Y. Kuang at (626) 371-5662 or by email - james.kuang@coldwellbanker.com
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