The number of Chinese property buyers in the US is soaring, reports the Financial Times (2 August 2018). In 2017, the number of Chinese buyers in the US increased by 38.9 per cent while their average purchase price decreased by 16.5 per cent. A recent report by Juwai.com, China's largest overseas real estate portal, showed that the average budget of Chinese buyers in the US was USD 399,000 in 2017. With this budget, they can either buy a 26 square-meter apartment in Beijing or a 300 square-meter villa in Orlando, Florida. [The original article is in Simplified Chinese and available to subscribers only.]
