Chinese spent $6.1B on US real estate last year

Chinese investors were the most active buyers of US real estate last year among foreigners — spending a record $6.1 billion on homes mainly in Florida and California, according to the National Association of Realtors.

Buyers from mainland China, Taiwan, and Hong Kong spent an average of just over $1 million per transaction to purchase existing homes — with nearly a third of those deals (31%) involving the acquisition of property in California, according to the NAR.

Canada came in second. Investors based north of the border spent $5.5 billion on US residential properties between April of last year and March of this year.

Buyers from India ($3.6 billion), Mexico ($2.9 billion), and Brazil ($1.6 billion) round out the top five.

Florida was the state that attracted the heaviest volume of real estate purchases, according to figures provided by the NAR. It was the 14th consecutive year that foreign investors expressed the most interest in Sunshine State properties.

Florida accounted for 24% of all international real estate purchases in the US while California ranked second (11%).

By NC ScoutPublished On: July 21, 2022Categories: Uncategorized3 Comments

About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .

3 Comments

American Yeoman July 21, 2022 at 08:32

Why? An interesting question….
Trapper July 21, 2022 at 19:22

If you ask why Then you are DIPSHIT….
Trapper July 21, 2022 at 19:29

I’m tooo old n worn out If ya gonna question why???