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.