The US real estate market is booming, thanks to huge waves of Chinese buyers who invested $22 billion on US properties in 2013 up till March 2014, reports Bloomberg (9 July 2014). That's a 72% jump from the same period last year, says the National Association of Realtors. As Chinese wealth continue to flourish – including the increasingly wealthy Chinese middle-class – Chinese investment in the US residential market is set to soar. According to Juwai.com data, California is the top destination for Chinese property hunters. “The uncertainties in China’s domestic market are contributing to a higher rate of growth in Chinese interest in U.S. property. That interest began accelerating in the second quarter of 2014, in part because of China’s property slowdown,” says Andrew Taylor, Co-CEO of Juwai.com.
