There has been alot of news media in the last year about the Chinese investing in US real estate. Many of these investors are coming from Beijing and many more American Real Estate companies are doing more trade shows and marketing to this target group. On November 20-22, 2009 will be Chinas largest investment conference, check out this website for more details Money Fair China.
Chinese buyers were the 4th largest group of foreign investors in 2008. The buyers median purchase price was $450,000 and purchases occured in California and Florida. Chinese generally like the bank owned and short sales, but prefer more move in ready properties for those in real estate industry know this does not come hand and hand. Culturally Chinese are not the do-it-yourself, like Americans are, so inclusive renovation packages on homes would be useful. Additionally Chinese buyers will purchase where the best education is available for their children, and believe this is additional reason to purchase in the US. Overall the Chinese are still learning about the process of US Real Estate and this segment will continue to grow bringing the east closer to the west.
