Despite everything, the housing market in the United States continues to attract real estate investors from abroad. All investors have expressed the intention to either start investing or continue to invest in American properties. Chinese investors have a major share in snapping up US properties. As per an Internet data company, Chinese real investors will pour in a whopping $80 billion into properties outside China. The United States is slated to receive a major chunk of the money from the corpus amount. The sum, although one of the biggest sums in financial history, does not top the 2016 record of $101.4 billion. The latter is one of the biggest sums ever.
China is excellent for expansion as the country is ranked poorly in the world when it comes to ownership of foreign real estate. It is estimated that the country will spend about $1 trillion in the form of international investments over the next 10 years.
As per the online data company, buyers from China bought $100 billion worth of real estate around the world in 2016. The money in 2016 represents a rise of 25.4 percent when compared to 2015. When calculated over the length of five years, the figures show a rise of 845 percent. The US market, for the Chinese real estate buyer, is the nearest thing to an ideal market. Over $50 billion has been sent to the United States. This is the biggest share of real estate investment in mainland China in 2016.
Real estate industry impact
According to National Association of REALTORS or NAR, China has been the biggest source of investment when it came to residential real estate. It surpassed all other nations when calculated in the light of dollar volumes. The country has also made a mark on commercial properties. The Asian country has invested the largest sum of money of all the nations in 2016. As per Lawrene Yun of NAR, foreign buyers, particularly from mainland China, sees the American real estate market as an excellent investment opportunity. It helps that the US is also a good place to spend one's life.
No wonder that a number of brokerages and real estate brands have recognized the impact of China on the US housing market. They have signed business deals with Chinese companies for greater exposure to potential Chinese buyers. Chinese buyers also benefit from world class quality of service. Since the competition is high, the Chinese overseas buyers can get an excellent deal.