Chinese invest $110b in US real estate since 2010
By Paul Welitzkin in New York | China Daily | Updated: 2016-05-18 07:54
Chinese buyers spent at least $93 billion between 2010 and 2015 on US homes, and more than $17 billion on US commercial real estate, according to a new study by the Asia Society and the Rosen Consulting Group.
"More than any foreign investor other than Canada, China stands out for the breadth, depth, and speed of its participation in the US real estate market," according to the report, Breaking Ground: Chinese Investment in US Real Estate, released here on Monday.
In the 12 months to March 2015, Chinese home purchases in the US totaled $28.5 billion, ahead of Canada's $11.2 billion and India's $7.9 billion, with California accounted for 35 percent of sales, followed by Washington State (8 percent) and New York (7 percent).
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