Palos Verdes Homes and Chinese Buyers

When it comes to Palos Verdes homes and Chines Buyers from Hong Kong and Taiwan, the importance of that type of buyer is often a function of what is happening economically in China. There is always an “opportunity cost” to money. Networking with Chinese brokers is becoming more and more important.

More and more mainlanders are looking to diversify their wealth into foreign real estate assets after the recent stock market rout and government intervention, finds a survey.

East-West Property Advisors, a consultancy that helps Asians buy US properties, polled 170 mainland clients and partners through WeChat and found more than half of them are considering buying overseas properties.

“It’s basically an increase compared with what we have seen in the media and our conversations [with clients] before,” Sam Van Horebeek, the Hong Kong-based firm’s founder, told the South China Morning Post.

Update 11/5/2015 “Foreign home buying drops in California as China Slowdown Seen” [Bloomberg News]

I advertise many of my listings on East-West’s platform and get incredible exposure to the Pacific Rim market.

The China stock market remains very volatile. Forbes published an article on July 27 2015 on what’s ahead for China shares, and what do China’s stock market decline means for the country’s growing investment in U.S. real estate.

As many Chinese citizens and Chinese entities have been acquiring US residential housing and commercial properties, the implications of the volatile stock market needs to be better understood, It is clear that the Chinese government is actively trying to manage the declining stock market but these actions might have consequences that nobody expects. For example, are foreign companies more concerned about investing in China now? Are Chinese citizens more or less likely to buy houses in the US? Are the measures of the China government going to be sufficient or is the government going to implement new measures that will further control capital inflows and capital outflows

If you’re an owner of any Palos Verdes homes and Chinese Buyers are a part of your marketing schema, you need to hire my firm to get your property exposed properly and not to the exclusion of other “foreign” and domestic buyers. Remember, the California Association of Realtors reports numbers that suggest that of the foreign national buyers, only about 5% come from China. It would be a mistake of any homeowner to put “all their eggs in one basket” when it comes to using the “Chinese Connection” as the most important factor in choosing the marketing broker.

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