By the Engel & Völkers Team
The world is getting smaller, and with commerce as well as accessible travel and communications, borders seem more like blurred lines. This makes today’s real estate market more global than ever. The Chinese population in particular has been increasingly emigrating to North America for well over 20 years, and in recent years the desire to invest in North American real estate has been booming. Why? There are four motivations for Chinese buyers:
Along with these factors, the upper middle class in China is growing significantly, and not simply in primary cities, but in second and third tier cities—and they are looking to invest.
On average, a Chinese student…