Chinese Real Estate Buyers & Investors in the News

It comes as no surprise that Chinese buyers are buying up luxury real estate in California. This morning my inbox was full with emails about Chinese buyers buying in the United States. Check out these 4 interesting articles below.

Chinese to Spend Billions on American Real Estate, according to Forbes.com:
"[...] The United States is the country of choice for China buyers.  All told, Chinese real estate investors are seen dishing out 1.1 trillion yuan, or $178 billion, buying up properties abroad in the years ahead, be it residential or commercial properties.[...]"

Chinese Buyers Flood U.S. Housing Market, according to CNNMoney.com: 
"Chinese buyers accounted for 18% of the $68.2 billion that foreigners spent on homes during the 12 months ended March 31, according to the National Association of Realtors. [...]"
 
Chinese Investors Pursue U.S. Property Deals, according to NYTimes.com:
"[...] Chinese and Hong Kong investors have also become the second-largest foreign buyers of United States homes, after the Canadians. [...]"

Courting the Chinese Buyer, according to WallStreetJournal.com:
"Buyers from China are pouring billions into residential property—and developers are courting them with everything from feng shui to lucky numbers. [..]" 

So far there have been 8 luxury sales in La Canada Flintridge over $3 Million. Stay tuned tomorrow to find out more about these 8 luxury sales and what the most expensive home sold for so far this year in La Canada Flintridge.

If you would like more information about the La Canada Flintridge Luxury Market or are interested in La Canada Flintridge real estate call me at (818) 371-3018 or email me at Lisa@LisaZastrow.com.