Chinese buyers purchased more homes in the U.S. — and at higher prices —than any other international buyers.
In fact, 42% of foreign buyers who purchased homes worth $1 million or more in the U.S. between April 2015 and March 2016 were Chinese, the National Association of Realtors (NAR) reported.
Out of all buyers from mainland China, Taiwan and Hong Kong, about 27% bought homes valued at $1 million and higher, according to an NAR analysis completed for Mansion Global.
By contrast, only 4% of all Canadians — the second-largest group of foreign buyers in the U.S. — bought homes for $1 million or over.
Saturday, July 9, 2016
Over 40 Percent Of US Luxury Home International Buyers Are Chinese
Posted By Milton Recht
From Dow Jones, Mansion Global, "More than 40% of All Foreign Buyers of Luxury Homes in the U.S. Are Chinese: One out of four Chinese buyers in the U.S. purchased $1 million-plus homes" by Fang Block:
Posted 7/09/2016 12:31:00 PM