Chinese Homebuyers Look to U.S., Despite Restrictions, Trade War
David Deem 714-997-3486 Despite new regulation and a trade war, China is continuing its hold as a key player on the property scene in the U.S., according to recently released research. In 2017, Chinese investors poured $39.7 billion into real estate in the U.S., Juwai.com reports. The majority—$30.4 billion—was on the residential side, and in California, Florida and New York. “The United States remains the top country for Chinese property investment,” says Carrie Law, CEO and director of Juwai.com. “Mainland Chinese acquired U.S. real estate worth more than in all the countries we tracked in Asia or in Europe.” According to Law, the attraction is driven by economy and lifestyle. “What Chinese homebuyers like about the United States is the educational opportunities, clean food and air, our diversified culture, and our economic and employment opportunities,” Law says. “For a Chinese buyer, purchasing properties in the United States is seldom really about the home itself; i...