When Berkshire Hathaway HomeServices Northwest broker Becco Zou has a new client in town from China with a long shopping list, the Chinese-born agent tells them: “Show me the money.” Usually they go away for awhile — and then they come back. They are worth waiting for — they might want a $3 million home, a commercial investment and a ranch where they can entertain clients.
- A new report on Chinese investment in U.S. real estate predicts a renewed surge of investment after 2020 and steady progress til then.
- Chinese investors put more than $93 billion in residential real estate between 2010 and 2015.
- Chinese buyers are finding a growing number of resources for mortgages in the U.S.
- In 2015, approximately half of Chinese buyers were current residents of the United States.