Chinese home buyers have been making an dent in the California real estate market over the last few years, but especially in the high end arena. What they bring is hard negotiating, fierce bargaining tactics from their home country, and plenty of cash. Although Chinese buyers don’t make up a large part of the United State’s buyers, they are disproportionately having a great impact on the luxury/high end markets nationally.
Why are Chinese buyers so interested in high end real estate as an investment? Why wouldn’t they just buy multiple lower, more affordable houses, in order to spread their risk over many properties? These are all great questions that we will explore in future articles more in depth.