This article highlights the additional demand Chinese investors are bringing to the US housing market, as many move their money out of the home country, where the economy is experiencing an economic slowdown. Indeed, in top tier markets, such as US , Orange County , and Manhattan , the Chinese often constitute 86% of all buyers, with 69% of their purchases made in cash, not requiring a mortgage. It claims that until recently, the Chinese and the San Francisco Governments were actually facilitating this movement of wealth, which sped up dramatically in 2015 . In the past year they paid $831,800 on average for an American home for a total of $28.6 billion. The US Government offers EB-5 visas or green cards for foreigners who invest $500,000 to $1bn in projects that employ at least ten people; over 50% of these went to Chinese citizens or their companyies last year . However, now the Chinese authorities are actively moving to slow down the outflows of domestic wealth, and this article suggests this is bound to hit US property values as investment from Orange County declines. Additionally, many believe the Chinese property market is poised to crash, or at least experience a downturn, which, as we have previously noted, is having the additional effect of creating an increasingly negative sentiment towards investing in property among the Chinese .
This article highlights the additional demand Chinese investors are bringing to the US housing market, as many move their money out of the home country, where the economy is experiencing an economic slowdown. Indeed, in top tier markets, such as US , Orange County , and Manhattan , the Chinese often constitute 86% of all buyers, with 69% of their purchases made in cash, not requiring a mortgage. It claims that until recently, the Chinese and the San Francisco Governments were actually facilitating this movement of wealth, which sped up dramatically in 2015 . The US Government offers EB-5 visas or green cards for foreigners who invest $500,000 to $1bn in projects that employ at least ten people; over 50% of these went to Chinese citizens or their companyies last year . However, now the Chinese authorities are actively moving to slow down the outflows of domestic wealth, and this article suggests this is bound to hit US property values as investment from Orange County declines. Additionally, many believe the Chinese property market is poised to crash, or at least experience a downturn, which, as we have previously noted, is having the additional effect of creating an increasingly negative sentiment towards investing in property among the Chinese .