Chinese Buyers Increasingly Targeting in U.S. Real Estate

Chinese Buyers Increasingly Targeting in U.S. Real Estate 
More Chinese home buyers are shifting their focus, which traditionally has been on real estate in Malaysia, Singapore, Canada, and Australia, to snatching up property in the U.S., Yahoo! Finance reports. In February, 2014 Buyers From China Target 10 U.S. Cities know Wealthy Chinese buyers are increasingly targeting U.S. real estate to invest some of their fortunes. A quarter of all American real estate sold to foreigners last year was to Chinese buyers, who now make up the largest group of foreign buyers in the nation. In the 12 months ending in March, Chinese buyers spent $22 billion on U.S. real estate, up 72 percent from a year earlier and Chinese buyers tend to pay nearly twice the national average for homes here, See what other City they are purchasing homes.