Chinese investors buy $22 billion in southern California real estate over past year
All of the activity has helped the regional housing market, but moves by China and the U.S. could slow future investment.
Nov. 11, 2014
Chinese investors have bought $22 billion worth of residential real estate in southern California in the past year, according to the National Association of Realtors. The activity has helped to boost the region’s housing market. Realtors told the Los Angeles Times they expect purchases from Chinese investors to taper off if the Chinese government makes good on a threat to issue stricter regulations on money that leaves the country. The U.S. government is also considering additional taxes on foreign investors, another development that would likely curb some of this investment.
