According to a recent article on the theRealDeal.com, fear of further currency devaluation in China will bring on a flood of real estate investment in the American market – which they see as a high-return investment with moderate risk and politically stablity, as compared to China.
“The Chinese see US real estate as a relatively moderate risk, high-return investment….More and more Chinese buyers will also be eyeing residential property as an investment, according to Svenja Gudell, the chief economist at Zillow. She said she expects to see a different kind of Chinese buyer seeking property in the US: A reduction in buyers looking for homes, but an increase in those looking for investment properties. “Where they are buying will also be different. The investor will buy in higher-tier neighborhoods, such as New York or Los Angeles,” she said. Chinese individuals are also being actively encouraged to buy abroad by the government.”
Read more at The Chinese are about to flood the US real estate market
