Chinese investments in Texas
There have been recent articles about Chinese investors pouring money into rental properties in US suburbs as a safe investment since their own rental market and stock market are in trouble. Much of this is supposedly all cash purchase and they're more interested in finding a place to stash their cash for stability and potential long-term appreciation rather than cash flow. Have any real estate agents or investors seen this in Houston, San Antonio, or Dallas? Is it having a significant impact by inflating prices, or is it fairly minimal?
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From our perspective in China, I can say that the majority of Chinese are investing in the US real estate market for long-term appreciation. However, over the last 6-9 months, we have seen a significant increase in requests for cash flow generating properties.
Regarding location in the US, Texas remains a secondary location for Chinese investors (compared to West Coast and East Coast). Over the last 6 months, within Texas, we have seen requests for Houston and Austin.
Hope this gives you a perspective