Chinese Are Dominating The International Real Estate Market Without Even Leaving China

KONG (Reuters) – For some Chinese investors, the first step to purchasing millions of dollars in property on the other side of the globe is a lot like ordering a new t-shirt online – search and click. Social media is the catalyst, connecting Chinese buyers and overseas agents. At least one prospective buyer entrusted an [...]

Asian buyers scoop up ‘bargain’ million-dollar Bay Area homes

The continuing influx of well-heeled homebuyers from Asia has Bay Area real estate firms competing for a lucrative and growing slice of the region’s residential market. “It has gotten big enough to where people are starting to pay attention to it,” said James Yang, an agent with the Sereno Group in Palo Alto. “If you [...]

China ‘wealth exodus’ underestimated

  An emigration agency helps a client in Nanjing, Jiangsu province. Of about 960,000 Chinese with assets worth more than 10 million yuan ($1.6 million), 60 percent were either thinking about emigrating or taking steps to do so, according to the Private Banking White Paper 2011, released by Bank of China Ltd and the Hurun [...]