You may be ready to sell your home. The buyers looking at it may be doing a different calculation.
They like the property. They can afford the down payment. But once they see the monthly mortgage payment, they hesitate.
You may be ready to sell your home. The buyers looking at it may be doing a different calculation.
They like the property. They can afford the down payment. But once they see the monthly mortgage payment, they hesitate.
There are fewer Chinese buyers purchasing homes in the United States today than during the peak years of overseas investment. The buyers who remain, however, tend to operate at a much higher price point.
In a testament to the growing influence of Chinese buyers in the U.S. luxury real estate market, recent transactions highlight the significant impact these investors have on high-end properties. According to Robb Report, Mainland Chinese buyers have been linked to three of the most expensive U.S. homes sold in the past 18 months. Two of these properties, known for their celebrity connections, were acquired by the same buyer. In October 2022, a mystery buyer paid $55 million for the Newport Coast mansion of reality TV stars Dr. Terry and Heather Dubrow. Just four months later, another $55 million was spent on the extravagant Beverly Hills mansion of actor Mark Wahlberg.
Hurun Report is widely recognized as the foremost authority in tracking the rapid changes amongst China’s high net worth individuals.
Jeff and Rupert discuss China’s past and current role in the world of real estate investment, position in the world economy, and insights behind the stories that shaped the country’s most successful entrepreneurs.
Western companies are just now realizing how complex doing business in China is. Whether you’re selling luxury real estate, travel experiences, or super-yachts, the first step in being found in China is online search.
Known in China as Spring Festival, the 2019 Chinese New Year begin on February 5th, 2019.