Chinese nationals are seeing an economic opportunity in the U.S., spending more than $300 billion on American real estate from 2010 to 2015.
Zillow spoke with experts and offered a few tips for potential Chinese buyers. They should consider making a larger down payment (as high as 30 to 40 percent), connect with other buyers through social media, and get in touch with an agent that speaks a familiar language.
The hottest market for Chinese buyers include San Francisco, Los Angeles, Seattle, and New York.
Though Poching Shen, a real estate agent in Rockville, Md., has many clients who she helps in the Washington, D.C. area, she confirms that the statistics point to the West Coast as the preferred location for Chinese buyers. “The West Coast is closer to China,” she explains. “It’s about five or six hours less travel time than the East Coast. The weather is nice, and Chinese people feel more comfortable there.”