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ProsUSA exec sees growing demand from foreign buyers

By Juwai, 30 December 2012
Real estate agents and brokers take note: investment property will see rapid growth in 2012, especially from foreign buyers, according to Professionals Realty Group USA President Glenn Melton. Inman News reports. December 29, 2011 -- Melton believes that the Chinese government's recent relaxation of restrictions on investing capital outside of the country "will create an influx of Chinese investment capital overseas." That will spur investment in the Asia Pacific regions, as well as the United States, Melton said in a statement, "Especially given the concern that central government intervention to contain overheated domestic housing prices will lead Chinese investors to seek other opportunities abroad."