US market braces for ‘rapid’ rebound of Chinese home purchases in 2022 (2024)

  • Chinese investment in US commercial property grew to US$700 million over the year ending in September, says the National Association of Realtors
  • Though demand is about half of pre-pandemic levels, it is expected to rebound strongly in 2022, according to property agents across the country

US market braces for ‘rapid’ rebound of Chinese home purchases in 2022 (1)

Updated: 9:28am, 18 Feb, 2022

US market braces for ‘rapid’ rebound of Chinese home purchases in 2022 (2024)

FAQs

Why are Chinese investors buying US real estate? ›

Many Chinese and Hong Kong nationals may find this an intriguing option because of the relatively cheaper housing prices in the United States (compared to metro areas of other Western countries) and the availability of coastal area properties in many country locations.

How much real estate is owned by China in the United States? ›

China owns roughly 384,000 acres of U.S. agricultural land, according to a 2021 report from the Department of Agriculture.

What country owns the most US real estate? ›

Canadian investors lead this pack, by a long shot, with nearly 9.4 million acres of U.S. land — more acreage than 44 of the top 50 foreign landowners combined, according to the report. (These people own the most land in America.)

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