Located just east of Stanford University and south of El Camino Real Palo Alto’s College Terrace neighborhood is an eclectic, vibrant and charming enclave of different style and types of residences – none too many similar and all of which are either aristocratic or humble and everything in between. The homes include but are not limited to English cottages, Queen Anne’s, California Mission bungalows, California Ranchers, and Nuevo Modern homes.
Are you surprised both small and large Chinese investors and builders are looking to build in the United States? You shouldn’t be.
It is well known that for quite some time that the Chinese real estate market has slowed dramatically which has created a void that the United States market is filling, including the Bay Area and Palo Alto in particular. We are not talking about just the large Chinese builders, but the small ones as well as they have followed suit and began to look across the globe to seek opportunities. In many parts of China developers are sitting on many empty finished units, undeveloped lots, and no improved economic conditions in site. Moreover because the market has slowed profits have been narrowed and companies are finding it difficult to stay in business – sound familiar? In fact, homes prices dipped approximately 1% in August 2014 according to the China Real Estate Index System.
The last several years has shown the tremendous effect Chinese investors are having on the Silicon Valley real estate market. The influx of Chinese investment in Palo Alto real estate in particular has many factors which together create the basis for this real trend. The abundance of educated people and universities, the already diverse culture and population, the ease of immigration possibilities, the fundamentally sound federal and state government, and the mecca of the greatest high-tech companies in the world form the confluence of primary elements for Chinese investment in Palo Alto.