Chinese buyers rank as the world’s fastest growing population of property buyers and they are particularly enthusiastic about investing in North American real estate, according to FloridaRealtors.org. They are estimated to spend $114 billion on overseas property by 2015.
Chinese investors are also part of an international group of buyers in Miami, picking up properties to build a rental portfolio of condos, houses and duplexes by purchasing bank-owned units, the Daily Business Review reported.
I think I’ll sharpen up on my Mandarin.
I am a luxury residential specialist. If you would like to schedule a buyer or seller meeting, feel free to call me at 305-898-1852 or send me a note at Wellins.D@ewm.com