Chinese US Homebuying to Hit 8-year Low, Says Leading Property Site

The "Painted Ladies," a row of historical Victorian homes, underscore the San Francisco skyline in a view from Alamo Square on May 12, 2008. AP Photo/Marcio Jose Sanchez

U.S. home sales to Chinese buyers are likely to drop to an eight-year low in the year ending next March as a prolonged Sino-U.S. trade war hits demand, according to estimates from Chinese real estate website Juwai.com.

Analogous to U.S. portals like Realtor.com and Trulia, Juwai is China’s largest international property website, hosting some 2.8 million listings on both sides of China’s internet censorship mechanism known as the Great Firewall.