Monday, August 12, 2013

Chinese Property Investors are Looking at Dallas

Dallas real estate is attracting a lot of looks from Chinese investors.
Since early this year, the number of Chinese real estate investor inquiries about the Dallas area have jumped by more than 600 percent at Juwai.com.
The Internet site is used by Chinese investors looking to buy real estate all over the world.
While North Texas isn’t one of the top U.S. markets for Chinese buyers, Juwai.com said in a new report that the number of inquiries about Dallas properties on its site is increasing sharply.
Potential Chinese investors told Juwai.com they were interested in the Dallas area because of the local lifestyle, as a place to purchase a residence for their children’s education, as an investment and for immigration purposes.
Chinese investors spent $30 billion on property around the world in 2012.
And the National Association of Realtors says that Chinese buyers are the second most active foreign U.S. home purchasers.
More info at: Dallas News
Author: Steve Brown