Slower sales, trade tensions, and anxiety over potential recession have cooled down the market for foreign buyers of US property, according to a report by Curbed (6 August 2019). “Yes, the trade war has had an impact. But there is very little chance that Trump will cause Chinese investment to end. In fact, Chinese buyers are probably the most motivated of all international buyers. For many Chinese, US real estate is a necessity, not a luxury. They strongly desire to protect their wealth by owning real estate in the world’s most developed economy,” said executive chairman Georg Chmiel.