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For Chinese Real Estate Investors, U.S. Is Tops |
By Suzanne De Vita |
The U.S. housing market is a draw for foreign real estate investors, who continue to express assurance in either becoming or remaining active in U.S. real estate. One of the most considerable countries of origin is China, where, according to a new report by Juwai.com, investors are slated to pour $80 billion into international real estate in 2017, with the U.S. at the top of the list. The projection, though a pull-back from 2016's record $101.4 billion, is historically one of the largest sums ever. "2016 [was] the first time in history that Chinese buyers acquired more than $100 billion of international real estate," says Sue Jong, chief of operations for Juwai.com. "The 2016 total represents a 25.4 percent increase over 2015 and an 845 percent increase over ...
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