InternationalNews Brief

Chinese real estate investment in US predicted to drop in 2017, according to Juwai.com

Impact on US real estate remains strong nonetheless, says top Chinese international real estate site
  • In its latest study, Juwai.com predicts Chinese buyers will invest $80 billion in U.S. real estate during 2017.

In 2016, Chinese real estate investors spent a massive $101.4 billion dollars on U.S. property. That number is expected to drop to $80 billion in 2017, but it will still rank among the top three highest levels of investment in history. The 2017 investment projection is based on data from Juwai.com -- the top Chinese international real estate site -- and data from industry companies and governments. “2016 is the first time in history that Chinese buyers acquired more than $100 billion of international real estate,” said Juwai.com Chief of Operations Sue Jong. “The 2016 total represents a 25.4 percent increase over 2015 and an 845 percent increase over five years." “For the Chinese buyer, the United States is a near perfect market," she added. "The United States received more than US$50 billion, the greatest share of total mainland Chinese real estate investment last year." "The United States received more than US$50 billion, the greatest share of total main...