Foreign Invstors to Save Real Estate

I remember back in the last big real estate recession in the early 90′s. Everyone was freaked out that Japan was buying us up. They had purchased a bunch of trophy buildings in Manhattan. Funny enough many of the buildings ended up back in our hands.

Now we have a larger Asian country buying us up. China. Why not they are buying our dollars

Amidst the current recession hitting the United States few are finding financial opportunity, those who are however are finding it in the real estate sector. A surprising phenomenon has been happening in the past 6 – 12 months, Chinese investors have been investing heavily in the sub-par American real estate market. “The real estate prices in America have gone down drastically,” said Yin Guohua, a partner in a law firm who recently returned from an 11-day U.S. tour with a group of Chinese elite. “It’s a good option for Chinese people who want to buy for investment.”
Chinese real estate tours within the United States are on the rise and many are hoping that the Chinese investment in US real estate will aid the otherwise stagnant and failing real estate market. The thought being any money flowing into the real estate market no matter where it comes from is ultimately good and will hopefully spark others to re-gain their confidence.

Source: Real Estate Market Bulletin

More related Positive News

• NYC up 18%