Property News · July 19, 2017

Chinese buying of US residential property hits record high


Chinese buying of US residential property hit a record high of US$31.7 billion in 2016, up at least US$4 billion, according to the country’s National Association of Realtors (NAR).
Released on Tuesday, its 2017 Profile of International Activity in U.S. Residential Real Estate, found that between April 2016 and March 2017, China maintained its top position in terms of dollar sales for the fourth straight year.
That US$31.7 billion is up from last year’s US$27.3 billion but down…

Source : South China Morning Post
Read more…Chinese buying of US residential property hits record high

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