Among the foreigners the Chinese are buying the most expensive real estate in the US

Over the past year has been an increase activity of buyers from China to the US real estate market, reported the online source RealEstate.aol.com , citing data from the National Association of Realtors. The total share of committed Chinese real estate transactions in the US is about 12-18% of the total volume of purchases made by foreigners. Usually, Chinese investors are considering the purchase of property worth an average of $ 425,000, while the average purchase price of real estate in the US in other foreign nationals is around $ 276 000. And about 70% of Chinese people do not use when buying mortgages. The largest number of transactions committed by the Chinese in California - about half of the purchases made by foreigners in the state, fell to Chinese citizens. Other foreign buyers are mainly interested in housing in Florida, California, Arizona, Texas and New York. HomesOverseas.ru