Chinese buyers set to boost US property spend, says Feltrim Group
Date
6/26/2016 2:47:34 AM
(MENAFNEditorial) Chinese investors are the number one buyers of US real estate by volume and spend, according to the National Association of Realtors.
Chinese investors are the number one buyers of US real estate by volume and spend, according to the National Association of Realtors.
Chinese buyers spent $28.6billion on US residential property up until March 2015, more than any other overseas nation, according to the Profile of International Home Buying Activity. With 16% of volume, they overtook Canadians in topping the sales total, the survey shows.
A recent study from the Asia Society and Rosen Consulting Group, suggested that Chinese investors were set to embark on a big US shopping spree for real estate, CNBC reported (http://www.cnbc.com/2016/05/17/chinese-investors-may-be-going-on-a-big-us-shopping-spree.html).
Leading Central Florida real estate agent and developer, Feltrim Group, reiterates the findings, with around half its foreign property sales coming from the Chinese.
That includes current sales of Feltrims newest development, the luxury lakeside project, Balmoral at Waters Edge, around 20-minutes South of WaltDisneyWorld, Orlando.
Company Chief Executive Officer, Garrett Kenny, is currently in China attending the 2016 AREAA China North America Real Estate Summit real estate summit in Xian, Chengdu, Changzhu.
The event, held from 15-25 June is jointly hosted by the Asian Real Estate Association of America (AREAA) and China Real Estate Association (CREA). The trip features so-called ''second tier cities'', although such cities in China are in most cases bigger than those in Europe.
Garrett Kenny says, The summit is important as it provides the opportunity to meet with business leaders and government officials about how to expand economic opportunities in these regions and, of course, how to maximise real estate investment in the United States.
Chengdu, around two hours from Singapore is a dynamic city two hours outside Shanghai that is the innovation center for green building developments and fits in perfectly with the conference theme highlighting the cities that are reshaping the Chinese economy and creating significant new wealth and business opportunities for real estate professionals.
We have seen strong interest here by Chinese property buyers in Feltrims Central Florida investment opportunities for those looking for capital growth, buy-to-let rental options and holiday homes at Balmoral at Waters Edge, to take advantage of Orlandos rapidly growing tourism industry.
Balmoral at Waters Edge is a resort-style development that features a host of top-class leisure facilities, including a pool with luxury clubhouse, waterpark, lakeside beach, gym and spa, gourmet kitchen, restaurant and more.
The beautiful garden-themed community includes luxury three to five-bedroomed houses within a 113-acre private gated community featuring natural and man-made lakes and impeccably landscaped gardens and park.
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