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Quote of the Week: Chinese house hunt all over the world
By Juwai, 31 December 2013
"I have a couple of Mainland Chinese buyers who Juwai.com connected me with just this month and are just starting to look in New York. One is looking for a condo in the $1 million to $2 million range, and the other is looking for an apartment over $10 million."
Joel Goodrich, San Francisco-based agent
Based on the latest data collected from Juwai.com, almost quarter to half of all Chinese homebuyers begin their property hunt without a specific country in mind. In fact, it would seem that it's not the country that matters – it's the lifestyle offered and property price that counts.
According to Andrew Taylor, co-CEO of Juwai.com, the Chinese buyer momentum is swinging over to other newer destinations, overtaking the usual favourites in country choices and gateway cities.
The fastest growing country in Chinese buyer interest for 2013 was New Zealand, who climbed to the top spot ahead of Italy, Thailand, France and Portugal. Within the US, the fastest growing cities were Honolulu, Detroit, Charlotte, Chicago and Austin.
While the US did not rank in the top five "fastest growing countries in 2013 Chinese property buyer interest", it remains as the top investment darling for Chinese home buyers in 2013.
Joel Goodrich, a San Francisco-based agent, agrees. He recently received enquiries from Chinese buyers seeking for million-dollar-worth properties in New York with price tags of up to $10 million. "Without Juwai.com, I absolutely would not have connected with these buyers," he enthused.
Read the full story here.
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