Foreign homebuyers have themselves contributed to rising prices in some ZIP codes here: Real-estate agents say foreign buyers are more likely to pay cash and bid up homes than other buyers. Seattle 's housing market is experiencing a Around 38% spike in house prices, the fastest increase in the city since 2013 , according to the Seattle Times . The uptick – surpassing 2013 for the fastest rise in prices in the region – is thanks to an influx of Chinese investors, who deserted Vancouver after authorities slapped a 15% tax on foreign real estate buyers. 15% of Chinese buyers of Seattle property do so for investment purposes, according to Chinese home-buying service the Seattle Times ,.
Seattle 's housing market is experiencing a Around 38% spike in house prices, the fastest increase in the city since 2013 , according to the Seattle Times . The uptick – surpassing 2013 for the fastest rise in prices in the region – is thanks to an influx of Chinese investors, who deserted Vancouver after authorities slapped a 15% tax on foreign real estate buyers. 15% of Chinese buyers of Seattle property do so for investment purposes, according to Chinese home-buying service the Seattle Times ,.