New York is no longer the preferred Chinese investors favor Miami property

New York is no longer the preferred Chinese investors favor Miami property

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According to the United States, "World Daily" compiled reports, Miami has gradually become a Chinese investor in the United States cheaper place to build.

United States OneWorld real estate brokerage firm executive Peggy Fucci pointed out that compared with the long-term hot investment locations in New York, San Francisco and Seattle, the cheaper price will help Miami to attract China's real estate investment.

The upcoming development case will further attract the needs of Chinese buyers. Swire Real Estate is developing the Brickell Metropolitan Center program, which includes luxury condominiums, office buildings, hotels and shopping centers.

In the past, when foreign demand increased, it was blamed for housing prices soaring, forcing local governments to take measures to cool down. But Fucci said that the Miami housing market is still in the growth period, there is a lot of room for development.

Until recently, Miami had a limited relationship with the Asian market. This phenomenon can be attributed to the fact that Asia is not familiar with the city.

Chinese buyers in the state of Texas, from 2015 to 2016, although only 1% increase, but last year was the largest foreign buyers in South Florida. Other Asian markets, including Japan, are also interested in South Florida.(Song Linglan) Source Chinese Overseas Chinese Network)