More Chinese Buyers Are Looking to Invest in Real Estate Throughout U.S.

Despite the recent Dollar appreciation against the Chinese Renminbi, Chinese continue buying real estate in "undiscovered" areas in the U.S. Chinese buyers are looking for real estate beyond the usual gateway cities. In 2013, California accounted for 55% of all Chinese purchases in the U.S. In 2014 that number had decreased to 35%. Yet the total residential real estate purchases reached a record $22 billion.

The top 5 states were California, Washington, New York, Texas and Pennsylvania. Now the focus is shifting to “newly discovered” areas in Florida, The Carolina’s, and Illinois.

Forward thinking real estate investors and brokers are promoting themselves and their properties in these “undiscovered” areas to Chinese buyers. “About 69 million Chinese have the net worth to buy U.S. properties. Our studies show that figure is expected to reach 220 million by 2022”, according to Karen Yan, Executive Vice President at JinList.com. Some Chinese buyers are buying U.S. properties for vacation/retirement, while others are buying to generate revenue to pay for children's education.

Promoting not only your properties but your company and expertise is key to reaching this demographic, commented Yan. Chinese are brand conscious and look for agents and companies that have a good reputation and professionalism. They will talk with family, online social groups and boards to find out about their own experiences.

When they come to the U.S. they already have decided which areas and properties they want to see. Since they are on a limited timeline, decisions are made quickly and usually all cash for quick closes. The new U.S. policies on visas issued to qualified Chinese students and business people will only increase the flow of Chinese tourists to the U.S. and further fuel Chinese real estate purchases in 2015 and beyond.

Why U.S. Is the No. 1 Destination for Chinese Buyers?

The U.S. is a cultural melting pot of numerous nationalities, languages, and religious affiliations. With the headquarters of the United Nations in New York City and foreign consulates all across the country, almost all of the 243 countries around the world are represented in the U.S.

In 2013, California accounted for 55% of all Chinese purchases of U.S. real estate and in 2014 that had dropped to 35%. Chinese buyers are expanding their search all over the country and now rank in the top 5 of foreign buyers in 46 states across the U.S. From food to music and museums, this melting pot of cultures is on display at over 17,500 museums and concert halls across the country. Read More

U.S. Brokers to Earn Over $1.28 Billion in Commissions from Chinese Buyers in 2014: JinList.com

As of March 30, 2014, total Chinese purchase of U.S. real estate increased 72% from the previous year, reaching $22 billion, according to the National Association of Realtors. The Chinese international real estate site JinList.com forecasts that Chinese will purchase $32 billion U.S. real estate during the 12-month period ending March 31, 2015 (https://www.jinlist.com/trends/1259821.htm).

Based on this analysis, using an estimated average commission rate of 4.0%. Read More

About JinList.com

JinList.com is a professional online platform dedicated to connecting Chinese buyers with real estate professionals.

JinList™ has direct access to over 11.7 million registered users in 363 cities throughout China behind its Great Firewall. It also is connected with local Chinese communities in over 200 cities in North America. JinList™ helps real estate investors and professionals promote their expertise, brand and property listings among high net worth Chinese buyers and investors. JinList™ has a dedicated professional team based in Shanghai, China and Great Neck, NY.

Utilizing breakthrough technologies and innovative products that captivate people, JinList.com enables real estate professionals to connect with a large, affluent Chinese user base.

The JinList™ audience is engaged - ready to listen and make purchase decisions. Becoming a JinList.com member will extend your visibility and reach into China and tap a diverse, rich, and Internet-savvy group of buyers.

Please feel free to contact us if you would like JinList™ to help grow your business among Chinese buyers.