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Jason Cohen Pittsburgh Discusses Chinese Buyers Abroad

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As the Chinese stock market becomes more and more volatile, many Chinese investors are seeing homes abroad, particularly in the US, UK and Australia, as stable investments. In this presentation, Jason Cohen Pittsburgh discusses this trend.

Published in: Real Estate
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Jason Cohen Pittsburgh Discusses Chinese Buyers Abroad

  1. 1. Chinese Buyers Abroad By Jason Cohen Pittsburgh
  2. 2. Background • Property prices in major cities in Australia, the US and the UK have begun to skyrocket as Chinese buyers invest in homes.! • Experts predict this isn’t going to change any time soon.! • With a troublesome economy at home, wealthier Chinese citizens think foreign real estate is more stable than Chinese banks.
  3. 3. In the US • Chinese are currently the leading foreign buyers of US homes.! • Sales reached a record $29 billion in the 12 months leading up to March 30.! • Makes up for over a quarter of all foreign purchases by value.! • Most purchases occur in major US cities, particularly New York.
  4. 4. In the UK • Chinese buyers make up more than a quarter of all home purchases in London.! • They’ve started to invest in London suburbs, such as Surrey.
  5. 5. In Sydney • Sales of homes to Chinese buyers are predicted to total $60 billion between now and 2020.! • This is double the amount spent in the past six years.
  6. 6. Methods • There’s a limit of $50,000 on the amount of money somebody can move out of China.! • Chinese buyers team up with local partners.! • They move out money over a long period of time or pool cash together.
  7. 7. Going forward • Chinese investors don’t seem to be going anywhere soon.! • Knight Frank predicts Chinese investors will spend $20 billion on major deals this year.! • Compare that to just $5.5 billion from back in 2012!

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