Chinese Buyers Benefit from Visa Changes
International investment in U.S. real estate could grow
Transactions involving Chinese buyers account for 12 percent of total reported international transactions, with many opting for all-cash purchases. “Mainland Chinese buyers have the highest average price range and pay in cash about 70 percent of the time,” Juwai.com CEO Andrew Taylor says. Juwai users report an average budget of $3 million and a median property purchase price of $425,000… well above the overall U.S. median of $199,500.
Read the full article at RISMedia:
http://rismedia.com/2014-11-19/new-visa-changes-expected-to-help-chinese-buy-u-s-real-estate/