Investors from China are flooding the U.S. for property purchases due to their economy slowdown and huge volatility and political risk at home. The latest reports suggest that the United States is getting its highest number of home buying requests from citizens of China (after Canada). The average home sought after by Chinese investors value around $1.2 million.
However, not just high net worth investors are involved. An extensive number of middle class investors are also buying property in the Unites States as a backdoor safety net of their wealth and as protection for their children. Read more on how China’s slowing economy is impacting property buying/selling in the U.S.