Is the Trade War Making Chinese Buyers Skittish โ˜˜ Hoey Team โ˜˜ eXp Realty

Dated: June 27 2019

Views: 57

As a trade war continues on, recent data is showing Chinese home buyers are investing less in U.S. real estate. The Chinese have been among the U.S.’s most popular international buyer over the last few years. But U.S. homes sales to Chinese consumers dropped 4% from 2017 to 2018, according to new data released from Juwai.com, China’s largest foreign property sales site.

“The worsening trade relationship between China and the U.S. may cause Chinese investors to shift their presence into other key markets,” Knight Frank, a property consulting firm, wrote in a new report. Knight Frank’s 2019 Wealth Report said that Chinese buyers are increasingly being lured to other areas like Australia, Japan, and the United Kingdom.

International buying of U.S. properties appears to be down overall. Foreign spending on U.S. homes dropped by 25% in 2018, according to Juwai.com.

“Chinese buyer inquiries for U.S. property were down in four out of the five last quarters,” Carrie Law, CEO of Juwai.com, told CNBC. In the first quarter of 2019, Chinese inquiries on U.S. properties fell 27.5% from a year prior, she told CNBC.

Beyond the trade war dispute, Chinese prospects may have other reasons to be leery. Both China and the U.S. have issued travel warnings to its residents about the other. The U.S. Department of State issued a travel warning on China, and then China responded this month by issuing its own safety warning that Chinese citizens and companies in the U.S. “raise awareness, strengthen preventative measures, and respond properly” when traveling and doing business in the U.S.

Regardless of the rising tensions, housing analysts believe Chinese investment in American homes will remain attractive to many oversea investors.

“[The] Chinese will always be substantial buyers of U.S. property and even now are probably still the largest foreign buyer group in the country,” Law told CNBC. “The thing that makes the buyer most nervous is uncertainty. If the trade war simply becomes the new normal, or if it is resolved on good terms, you will likely see an increase in Chinese buying in the U.S. There is still tremendous demand for the U.S. property. It is still the most liquid and appealing market in the world.”

Article from NAR Realtor magazine 

Also; please check out the other blogs, and tabs to many other different Links, Updates & Reports that we have here on our informational website.  โ˜˜

"We hope that you find the information useful.  If you have any questions, please do not hesitate to contact Kim or Barry with the Hoey Team, email us at Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com or Call/Text the Hoey Team at:  (239)-360-5527 

Please Share this Page with anyone who you think the info will help.  Feel free to refer any family or friends; it is the greatest compliment that you can give to us; we really appreciate referrals, and we will help in any way we can.  Most of our business is referrals by word of mouth from past Sellers and Buyers who we have helped; please ask for and check out our testimonials.  Thanks, Barry & Kim"

Blog author image

Barry & Kim, Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜

"Your Real Estate Concierge" If you are looking for a REALTORยฎ or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....

Latest Blog Posts

๐Ÿ”” Some Nonbanks Raised Conforming Loan Limits to $625K ๐Ÿ“ˆ Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ Southwest Florida ๐ŸŒด

Loan limits will likely go up to $625K in 2022, but FHFA hasn’t announced it yet.  Still, higher home values have convinced some lenders to boost loan limits now.WASHINGTON –

Read More

๐Ÿ“ข New Record: Home Prices Rose 19.9% in July ๐Ÿ“ˆ ๐Ÿก Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ Southwest Florida ๐ŸŒด

A price increase of almost 20% year-to-year is unheard of – until now.  Home prices hit record highs in 19 of the 20 cities included in monthly Case-Shiller reports.WASHINGTON (AP) ;

Read More

๐Ÿ“ฃ 8 Experts: Sky-High Housing Prices Wonโ€™t Fall ๐Ÿก Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ Southwest Florida ๐ŸŒด

Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low.MCLEAN, Va. –

Read More

๐Ÿšจ September 2021 ๐Ÿ“ข Just Released Market Report for Naples Area with information for all of Southwest Florida โ˜˜ Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ SW FL ๐ŸŒด

Hello,Barry & Kim with the Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ hope that you and yours are doing good; wherever you are located at this time.Hot off the press 

Read More