chinese investors: Foreign Investments on Record Pace in US Real Estate Market - 09/25/15 08:09 AM
Foreign investors have taken on the United States Real Estate Market in full force in 2015 thanks to an improving US economy and low interest rates.
According to the real estate services firm JLL, foreign investments totaled 24.1 billion dollars at mid-year compared to 23.6 billion for all of 2014. JLL only keeps track of transactions greater than 5 million dollars so some hotels and multi-family developments were excluded. The CoStar group, another commercial firm, has the total spent at nearly 39 billion.
Chinese investors have taken a large portion of the investor market. They accounted for 1.9 billion dollars in the second … (0 comments)