{"id":26520,"date":"2016-09-19T17:19:22","date_gmt":"2016-09-19T10:19:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-us-city-is-seeing-an-influx-of-chinese-investment\/"},"modified":"2016-09-19T17:22:39","modified_gmt":"2016-09-19T10:22:39","slug":"this-us-city-is-seeing-an-influx-of-chinese-investment","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-us-city-is-seeing-an-influx-of-chinese-investment\/","title":{"rendered":"This US city is seeing an influx of Chinese investment"},"content":{"rendered":"


\nAttractive price points are encouraging Chinese investment in one of the US\u2019s fastest growing cities
\nChinese buyers view Houston, the Texan capital, as a \u201cwonderful place to park their money,\u201d Cheri Fama, an agent with Houston-based agency John Dougherty Realtors told\u00a0CCTV America. \u201cThey\u2019re bringing their money out of China looking for good investments and the mix and the diversification of the benefits of being in Houston and in Texas are great.\u201d
\nAffordability is one factor that has captivated Chinese buyers to this side of the North American market. \u201cThese foreign investors have their eye on Houston,\u201d Tadd Tellepsen of Tellepsen Construction told CCTV. \u201cHouston is still relatively affordable from a real estate perspective.\u201d
\nMore: Chinese developer buys land in New York for USD66 million
\nHouston\u2019s median home price stands at USD146,600, compared with USD531,600 in New York City. Yet the Texas capital has grown faster than any other American city, according to the US Census Bureau, with 6.5 million living in the metropolitan area.
\nTexas in general is becoming an alluring place for luxury buyers because of the lack of estate taxes. Wealthy Chinese are also taking advantage of the EB5 visa for investment programme. Houston, in particular\u00a0was singled out as an \u201cintense cluster of wealth,\u201d by to Wealth-X co-founder David Friedman, who sees it as an emerging market for moneyed Chinese consumers.
\nAlthough Chinese nationals are still the most voracious buyers of US property, its thrall may be fading as China clamps down on capital outflows. According to a report by the National Association of Realtors, US residential property sales to Chinese buyers have fallen for the first time since 2011. Houston was included in our \u2018ultimate second city guide\u2019 in 2015. Find out why
\nHouston was included in our \u2018ultimate second city guide\u2019 in 2015. Find out why here.
\nRead next: Do Asian investors still want to be top of the heap in NYC?
\n
\nSource : property-report.com
\nRead more…This US city is seeing an influx of Chinese investment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Attractive price points are encouraging Chinese investment in one of the US\u2019s fastest growing cities...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26520","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6TK","jetpack-related-posts":[{"id":138600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-buyers-return-to-us-property-market-but-this-time-they-want-a-home-not-an-investment\/","url_meta":{"origin":26520,"position":0},"title":"Chinese buyers return to US property market – but this time they want a home, not an investment","date":"August 2, 2023","format":false,"excerpt":"\r Their median spend was US$723,200, almost double the US$384,200 median price for an American home, and they mostly bought as a holiday home or primary residence, rather than as an investment, the report said.\r \r Source : South China Morning Post\r Read more...Chinese buyers return to US property market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-buyers-expected-to-step-up-greek-property-investment-as-xi-lands-in-athens-to-strengthen-ties\/","url_meta":{"origin":26520,"position":1},"title":"Chinese buyers expected to step up Greek property investment, as Xi lands in Athens to strengthen ties","date":"November 12, 2019","format":false,"excerpt":"\r Chinese President Xi Jinping arrived in Athens on Monday to cement ties with Greece, which is regarded as key to his Belt and Road Initiative.And his visit might also prompt Chinese buyers to step up their investment in Greek property, which has been bolstered by the Greek \u201cgolden visa\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-interest-in-malaysian-property-increased-five-fold-this-year\/","url_meta":{"origin":26520,"position":2},"title":"Chinese interest in Malaysian property increased five-fold this year","date":"October 10, 2016","format":false,"excerpt":"\r But why now? 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Puripat Lertpunyaroj\/Shutterstock Chinese buyer enquiries for properties in Malaysia soared 550 percent in the year to August 2016, with\u00a0views of properties listed online flew 52.7 percent\u00a0Juwai.com reported. \u201cFor Chinese buyers, Malaysia is a nearby, easily accessible country\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":953,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-toronto-neighbourhood-has-become-a-magnet-for-chinese-buyers\/","url_meta":{"origin":26520,"position":3},"title":"This Toronto neighbourhood has become a magnet for Chinese buyers","date":"January 7, 2016","format":false,"excerpt":"\r Where an\u00a0average detached home now costs more than CAD1 million Toronto\u2019s real estate market has never been as strong as it had been for most of 2015, with impressive price increases and sales volume across the board, according to a report from\u00a0The Globe and Mail.\u00a0Whether small condos in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/toronto-luxury-property-chinese-buyers-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":42515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-is-still-top-for-chinese-buyers-with-a-few-differences\/","url_meta":{"origin":26520,"position":4},"title":"UK property is still top for Chinese buyers, with a few differences","date":"February 1, 2017","format":false,"excerpt":"\r China\u2019s HNWI continue to snap up London real estate at the lowest prices in a decade London\u2019s still got it, but the areas outside the cookie cutter are seeing more Chinese interest. Image: emka74\/Shutterstock With a population of 1.4 billion, China presents a huge opportunity for UK property investment.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135167,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-buyers-ready-to-scoop-up-better-value-thailand-property-for-investment-retirement-as-travel-resumes-between-the-2-countries\/","url_meta":{"origin":26520,"position":5},"title":"Chinese buyers ready to scoop up \u2018better value\u2019 Thailand property for investment, retirement as travel resumes between the 2 countries","date":"March 12, 2023","format":false,"excerpt":"\r Thailand was a top choice for Chinese buyers looking for property overseas between 2018 and 2021. 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