Wealthy Chinese Investors Turn their Attention to Miami Real EstateJuly 2, 2015
Wealthy Chinese are the latest group of foreign buyers entering Miami’s luxury real estate market. Traditionally, Latin Americans have flocked to Miami along with Northeasterners to snatch up luxury properties as both winter and permanent residences. Traditionally, New York, Los Angeles and San Francisco have been the major destination cities for Chinese expats. For foreign buyers, purchasing properties in Miami has become a way to protect capital from the turbulent forces of the global markets and political instability. This U.S. luxury real estate market is viewed as a stable investment. Now due to a number of factors, wealthy Chinese are turning their attention to Miami.