Report: Chinese Are the Biggest Buyers of U.S. Real Estate

Chinese are the largest foreign buyers of U.S. real estate, spending around $22 billion in total in from April 2013 to March 2014, about a quarter of the United States’ total sales to foreigners, according to a July 8 report by the National Association of Realtors. Overseas buyers scooped up $92.2 billion worth of property and sales to Chinese buyers jumped nearly 75% over that 12-month period. Chinese buyers focused on high-end homes, or those with a price tag of at least $590,826, the report said. They paid in cash about three-quarters of the time.

Real Estate, Investment