Chinese buying more high-end homes in US

Chinese buying more high-end homes in US

Chinese buyers are invading the US housing markets and are also buying more high-end homes than other foreign buyers according to the National Association of Realtors in the US. The association said that Chinese buyers account for 18% of the US$ 68.2 billion of total foreign spending on US homes. They also said 70% of the high-end home purchases by Chinese buyers consisted entirely of cash transactions; they went on to say that Chinese buyers spent a median price of US$ 427,000 on US homes.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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