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Over the past few years, the housing market for foreign investors has blossomed, with people from China leading the pack. Indeed, Chinese buyers spend more money on American residential real estate than any other foreign investors.
And now, thanks to a comprehensive report conducted by real estate platform Investorist, we know the top five cities in which the Chinese are investing:
Los Angeles
Miami
New York City
San Francisco
Boston
According to the report, the number one factor that draws Chinese homebuyers is quality of education. Los Angeles leads the pack because of its many well-known universities such as USC, UCLA and Pepperdine. The same is true of Boston and New York.
San Francisco, with its large Chinese population and proximity to Silicon Valley is an attractive location for home buying as well, while Miami offers better bang for the buck with its comparatively low prices and idyllic weather.
For the full article click HERE:
Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.
Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.
Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.