In 2015, China overtook Canada as the biggest foreign buyer of US homes. It also ranks third in US commercial real estate investments, behind only Canada and Singapore.
Since 2010, Chinese investment in US property has risen from $585 million to $8.5 billion. How did it happen? Why did it happen? And what does it mean for the US property market?
Rosen Consulting Group, on behalf of Asia Society, has crunched the numbers to produce a comprehensive report, which reveals the rapid and widespread entry of Chinese investors into the US.
Both firms and individuals are spending big money. Individually, Chinese investors dominate an immigrant investor program known as EB-5, creating or sustaining an estimated 200,000 jobs. Chinese developers are building multi-billion-dollar projects in several major cities, while, in 2015, a Chinese insurance firm bought the Waldorf Astoria hotel in New York.
How has the rise of Chinese investment unfolded across the country? And how does China’s influence compare to other countries? We break down the in-depth report to produce a handy infographic. This is how China took over US property investment:
[infogram id=”47f82720-9302-41c0-a9cb-5fe44de4e1eb” prefix=”afp” format=”interactive” title=””]Google+