The Chinese are some of the largest overseas residential real estate buyers, and now this new trend is moving to the Midwest.
Chinese currency is changing the real estate market, and many of these home buyers are purchasing properties in states, such as Washington, California, and Illinois. Wealthier parents are also buying homes for their children who attend colleges in the U.S.
Chinese money is reshaping real estate markets, as companies and individuals snap up commercial and residential properties. With the Chinese government loosening capital restrictions, the country’s wealthy individuals and companies are moving more money overseas, in search of better returns elsewhere.