Wealthy Chinese have snapped up properties in Hong Kong over the past decade, marking their first foray into the overseas property market.
With many affluent Chinese families sending their children to universities overseas, buying property abroad is a sensible proposition.
US gateway cities with large Chinese populations are their favorite.
“The US market reacted quickly, bottomed out quickly, and there is a huge inflow of capital into the US,” Philip Feder, chairman of global real estate practice of Paul Hastings, said.
“Prices have gone up and there are many new developments. With price appreciation and demand, Chinese investors are critical in providing liquidity to the market,” he said.
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