The US remains as the favourite destination for Chinese buyers seeking third homes overseas – and luxury properties in Los Angeles, New York and Miami currently top their list of top cities to property hunt in, reports Forbes (31 July 2014). According to Juwai.com, some Chinese buyers have even bought properties – sight unseen – simply based on the listing descriptions on Juwai.com. Based on Juwai.com data, the top 10 most preferred countries by the Chinese are the US, Australia, Canada, UK, New Zealand, Thailand, Singapore, Portugal, Spain, and Malaysia. The 2 countries that fell off the list within the first half of 2014 were Germany and Italy. “More Chinese are looking in Italy than a year ago, but it doesn’t have the same momentum because of their economic doldrums and the lack of attractive new product,” says Andrew Taylor, Juwai.com Co-CEO.
