The Interest of Chinese Investors in the U.S. Residential Real Estate is Cooling Down
Industry: Real Estate
INWESTIGATOR today released its latest survey of China’s overseas real estate buyers. Data was collected from December 1 through December 23, 2013, from 344 respondents.
Hong Kong (PRUnderground) January 7th, 2014
INWESTIGATOR (https://inwestigator.com), the China’s Overseas Commercial Property Conference & Showcase, today released its latest survey of China’s overseas real estate buyers. Data was collected from December 1 through December 23, 2013, and reflects responses from 344 overseas real estate agents, corporate and private investors from 5 major cities across the China (Beijing, Shanghai, Shenzhen, Guangzhou and Hong Kong SAR).
The INWESTIGATOR Real-Time China’s Overseas Property Buyer Sentiment Survey is the first edition of an ongoing series that also will include surveys of sellers and agents.
China’s Overseas Property Buyer Sentiment Survey:
- Higher prices cooling down the interest of Chinese Investors in the U.S. residential real estate market: The U.S. is one of the most popular countries where Chinese investors are buying residential real estate, but with raising prices the interest in US properties is cooling down. During the peak of the real-estate crisis in 2009 and 2010, foreclosure properties are being snapped up by Chinese investors in bulk. In 2013, Chinese investors got picky and invested mainly into profit generating residential real estate admitted 75% of respondents.
- Commercial real estate gaining popularity among private investors: Traditionally, interest in commercial real estate was among corporate overseas investors. However, real estate agents admit that commercial properties such as multi-family units, retail and hospitality properties are more popular for those private investors who are looking for a long term stable income or have made investments into the residential real estate in the past.
“These days, Chinese investors are pickier than ever for the U.S. real estate” said MKR Group agent Antony Wu. “Recently, Chinese property investors aren’t looking for a house at the bargain price, but a property with a prime location and ability to generate a stable income. Those glory days of bulk property purchases are gone.”
- Growing interest in European real estate is fueled by the investment immigration programs: Overseas real estate agents reported increased interest of Chinese investors in Portugal, Spain, Greece and Cyprus, where a foreign investor may obtain a residence permit by investing into the real estate sector. In 2013, Chinese investors mostly invested in Portugal. Some agents believe that real estate investments in Spain will overtake Portugal’s in the next 1-2 years. Spain has approved its investment based immigration program in the fourth quarter of 2013.
About the INWESTIGATOR Real-Time China’s Overseas Property Buyer Sentiment Survey This survey was taken between December 1 and December 23, 2013. Survey respondents included 344 overseas real estate agents, corporate and private investors. Respondents spanned 5 metropolitan markets in China: Beijing, Shanghai, Shenzhen, Guangzhou and Hong Kong SAR.
About INWESTIGATOR 2014 INWESTIGATOR 2014 (https://inwestigator.com) – Overseas Commercial Property Conference & Showcase is a platform for Western and Chinese commercial real estate experts, investors and decision makers to meet, network, showcase, discuss and examine challenges of investing into the overseas commercial real estate. INWESTIGATOR 2014 will take place in June 2-4, Shenzhen.
At INWESTIGATOR 2014, Western & Chinese industry experts will provide an in-depth look at critical issues, educate and discuss the pros and cons of making investment into commercial property abroad. At the event will present experts and officials from different countries to provide location-specific information. Exhibitors will present investment opportunities and services related to the real estate transactions and management.
SOURCE Inwestigator
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About INWESTIGATOR 2014 – Overseas Commercial Property Conference & Showcase
INWESTIGATOR 2014 – Overseas Commercial Property Conference & Showcase is a platform for Western and Chinese commercial real estate experts, investors and decision makers to meet, network, showcase, discuss and examine challenges of investing into the overseas commercial real estate.
