Chinese Buyers Might Flood US Real Estate Market as China’s Borders Reopen

Chinese Buyers Might Flood US Real Estate Market as China’s Borders Reopen
Downtown Manhattan's skyline is seen in New York City, on Aug. 21, 2021. Andrew Kelly/Reuters
Mary Prenon
Updated:
0:00

China’s borders have recently reopened for the first time since the beginning of the pandemic, allowing the world’s largest source of tourists and potential international homebuyers to travel freely around the globe.

The United States is the second-most popular home-buying destination for Chinese buyers, according to Juwai IQI, one of the largest global real estate platforms with almost 13 million monthly consumer engagements; Australia holds the top spot on the firm’s top five destination nations, followed by Canada in third, Japan in fourth, and Thailand in fifth.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.
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