Chinese investors still hungry for US real estate
The U.S. real estate market has become a favorite destination for Chinese outbound capital in recent years, reaching an estimated $10 billion, with approximately $4.37 billion being invested in commercial properties in 2015, according to KPMG’s China Inbound Investing in U.S. Real Estate – 2016 Semi-Annual Update report.
The report also highlights the dynamics of the six most active real estate markets in the U.S.: New York, Los Angeles, San Francisco, Washington, DC, Chicago, and Dallas.
“The U.S. market is very attractive to Chinese investors as they look to expand their global operations, diversify their portfolios by adding U.S. assets, and establish information exchanges with U.S. developers,” said Phil Marra, U.S. Real Estate Funds leader, KPMG LLP.
“While much of the investment has been focused in U.S. coastal “gateway” cities, where assets are considered most liquid, Chinese investors are starting to expand into other markets as they seek higher yields and diversification.”
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