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Move Over China! Other Foreign Buyers Want U.S Real Estate Too


Over the past decade, Chinese buyers have led the way when it comes to purchasing homes and condos in the U.S.

But that is changing. An article on MansionGlobal.com reports that since August 2017, when the Chinese government tightened restrictions on how much money people can take out of the country, other foreign nationals are increasing their presence in the American real estate market.

“There’s definitely been a decrease in spending from Chinese buyers—without question,” said Mauricio Umansky, the CEO and founder of Los Angeles-based brokerage, The Agency.

While the Chinese still dominate in L.A. and New York, buyers from countries like Taiwan, Vietnam and Thailand are making their presence felt. And in Miami, one of the hottest markets, buyers from South and Central America are ubiquitous.

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.

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