| Chinese home purchase frenzy spreads to the US |
| Last Updated(Beijing Time):2012-03-28 11:14 |
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In the US, many Chinese are now heading there to buy real estate, bearing in mind that having a home overseas is a source of great prestige for some. Their action has increased home sales in the US dramatically.
A real estate agent said, One buyer told me I dont want a very expensive house, just $2.5 million dollars."
Southern California real estate agent, Lily Yu, is headed ease. Lily Yu said, "A lot of homes selling just like that, very quickly, but for cash, for over a million dollars? oh yeah, definitely "
David Michonski, author, said, "What you see in the county is part of a long-term trend around the world. The Chinese are buying in major metropolitan areas. " |
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