It’s no surprise that Chinese developers and investors are turning to the U.S. market. Alongside Canada, China has been the fastest-growing source of international clients for members of the National Association of Realtors, according to the group’s latest Profile of International Buying Activity.
When a Chinese investor wants to buy in the US, it is a smart decision to team up with an American firm, such as The Gratia Group, because the latter have the land, the expertise, or both. Purchasing land in a foreign country can be a complicated process, but creating a solid partnership can be beneficial to all parties involved.
Even though investments within China can be lucrative, Chinese investors still prefer to buy in the US, because they see the U.S. market as more transparent and mature than the Chinese market. There is high potential for appreciation, which makes buying investment property in the US a smart decision for Chinese buyers.
In China, the system doesn’t protect junior partners the way it does in the United States, where everything is spelled out in black and white. Because of these legal protections, Chinese developers end up getting better peace of mind when purchasing investment property in the US.
As much as Chinese investors hanker after American and other western countries’ real estate, there is a hitch. According to Chinese law, Chinese nationals are not allowed to take more than $50,000 out of China each year. Chinese investors who want to take more money out of the country must apply for approvals from the government.
The Gratia Group prides itself on its knowledge on international land and real estate sales. Call us today at 239-333-2221 to speak with a member of our team!