Thursday, September 3, 2015

China's problems may benefit American real estate


I lived in Shanghai, China, for a year, and can attest to the energy and volume of Chinese investors.

This article just appeared, as a result of the current, and continuing, problems in the Chinese economy:

http://m.kwch.com/stocks-crash-to-push-more-china-cash-into-global-real-estate/35059396

The article reports that Chinese buyers will be buying twice as much Australian real estate, that they are buying a quarter of London real estate, and that they are the leading foreign buyers of American homes.

However, I've also noticed that it's difficult to "translate" the way Americans do business to the Chinese investor, and vice-versa.  Each culture has very different expectations in negotiations.

1 comment: