Billionaire from China become main buyers of properties in the United States

Billionaire from china become main buyers of properties in the United States. The property is a profitable investment. So no wonder if since ancient times until this millennium, there are still many people who invest in the property sector. Rich people anywhere in the world to do the same. They continue to invest in the property sector is not even in his own country.

Interestingly, millionaires or wealthy China become major buyers of various properties in the United States. The property is not recklessly purchased by China’s rich people. Because the average property prices in the US are bought by the rich people of China have reached US $ 1 million.

Billionaire from China become main buyers of properties in the United States

In the calculation of Forbes, funds spent by the wealthy Chinese to buy property in the US reached US $ 27.3 billion. Chinese rich people to buy more than a quarter of the number of luxury properties are offered in the international market.

Total purchases of property of the rich Chinese have defeated the rich Canadians who only pay US $ 8.9 billion just to buy property in the US. After China and Canada, the biggest buyer of property in the US is India, the United Kingdom, and Mexico.

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2016 This is the second year the Chinese millionaire, especially those from Hong Kong and Taiwan became the number one property buyers in the US. The millionaires have bought as many as 29 195 properties this year, exceeding the number of properties purchased in other countries.

List of property purchases, are expected to change in the coming year. This is due to the strengthening US dollar use values And weakening of the yuan and the pound sterling. In addition, the property buyers in the coming year predicted would not be much to buy luxury properties, and switch to a smaller property.

USA property sales are also expected to decline. This is due to the price of housing sold to foreigners reached an average of US $ 477,642, 79 percent more expensive than the amount of money that must be spent the Americans, namely US $ 266 683.

The property in the US alone much coveted because the investment value always rises with the increasing price of the US dollar. Buyers from outside the US usually buy property in Florida, California, Texas, Arizona, and New York.

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California became the center of the biggest-selling property in the United States, because in addition to a business center, California is also an educational center. This study is based on responses from 150,000 in 5960 property buyers property agents throughout the world. Source www.forbes.com

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