Chinese demand for US real estate keeps growing

Last year, Chinese real estate investors become the biggest single buyers of US property, overtaking Canadians for the first time, according to National Association of Realtors data.

Now, an in-depth report from the Asia Society and Rosen Consulting Group predicts that the Chinese investment in United States residential and commercial real estate is set to keep rising.

Up until 2010, there was negligible interest in the US market by Chinese buyers, but in the next five years, residential real estate purchases rose 20% a year, according to the newly-published Breaking Ground: Chinese Investment in US Real Estate report.

Chinese buyers spent at least $93billion from 2010-2015 and the cumulative total from 2016-2020 could reach a massive $218billion, report authors believe.

The results from the 2015/16 National Association of Realtors Profile of International Home Buying Activity is set to be issued next month, but there is little doubt that the Chinese will again be the biggest overseas purchasers of US property, particularly with the falling value of the Canadian loonie against the US dollar.

Top Central Florida agent and developer, Feltrim Group, has long recognised the importance of Chinese buyers and Chief Executive Officer Garrett Kenny regularly visits the country to meet buyers.

Half of investors in the group’s new resort-style luxury lakeside project, Balmoral At Waters Edge, are Chinese and a similar number bought into Feltrim’s Fountains at ChampionsGate development, which was officially opened in July 2015.

Garrett Kenny, says, “Security is top of the list for most Chinese investors and they want to know their money is invested safely. “As Feltrim Group offers a comprehensive property management service, Chinese buy-to-let investors have the peace of mind of knowing we are taking care of every aspect of their property rental and maximising their income.

“Feltrim has Chinese-speaking staff and we regularly visit the country to promote our property and meet interested investors. This is one trend that we expect to keep rising for the foreseeable future.”

Balmoral at Waters Edge is one of the most attractive developments south of WaltDisneyWorld, Orlando. It is set in a 113-acre private gated community featuring natural and man-made lakes and landscaped gardens and parks.

It features bespoke Tuscan-style architect-designed homes plus resort-style amenities including a pool with luxury clubhouse, waterpark, lakeside beach, gym and spa, gourmet kitchen, restaurant and more.

Feltrim Group began almost 20 years ago with CEO Garrett Kenny's vision of operating a world class, internationally connected real estate firm.

The group is headquartered in the heart of Florida in the city of Davenport and now brings together construction, real estate, management and immigration services for international and local buyers as well as investors.

Feltrim Group constantly strives to embrace new technologies, social media and traditional and non-traditional advertising platforms. Feltrim has evolved with the times and now has a multinational approach to Florida real estate and US-wide immigration services.

For more details, see www.feltrimgroup.com

Feltrim Group
116 Polo Park East Blvd, Orlando, Florida

Garrett Kenny, CEO

This release was published on openPR.