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Top 4 Most Searched U.S. Urban Areas by Chinese Investors in 2021

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What are the top searched U.S. urban areas by Chinese investors in 2021?

The United States has always been a famous country for real estate investment. Not to mention that since the epidemic, the U.S. currency has increased, and real estate has become the strongest reservoir in the U.S.  In the past year and a half, U.S. home prices have soared up 15-20%! (NAR statistics).

In recent years, Chinese buyers have been the top foreign buyer in the U.S. property market, even in the pandemic. The investment enthusiasm never ceased, and we were wondering - which areas are the most searched by the most prominent foreign buyer in the U.S. property market?

Let's take a look at the four major U.S. urban areas that are highly searched by users in 2021 in Juwai.com, explore their respective charms one by one, and get a first-hand grasp of the current state of their local housing market!


TOP 1: New York City

new york city

Beautiful City Skyline, High Livability.

New York, the biggest city in the United States, has the most Chinese population (about 593 thousand according to the 2019 U.S. Census)!

The jam-packed Manhattan, "Millionaire's Row", the Fifth Avenue where top brands are all at, the Green Lung of NYC: Central Park, and countless Michelin-starred restaurants... the world's cultural capital attracts everyone to it.

In addition, the perfect living and service facilities, scientific urban planning, user-friendly trail design, numerous parks around and more, make New York highly liveable. New York is also the only state with two Ivy League schools (Cornell University and Columbia University). With their first-class education just the cherry on top, there's no wonder Chinese people are all running to New York!

 

Promising Future as a Real Estate Market Trendsetter

New York's real estate market is a benchmark for the U.S. real estate market, especially luxury properties.

Zillow data shows that from 2008 to the end of 2019, the top 5% of the U.S. market appreciated by 27%, while at the same time, the median price of luxury homes in New York City still rose by about 10% overall, even after the 2018-19 adjustment.

In 2020, the new crown epidemic caught the market off guard, and instead of a dramatic drop as it seemed, Manhattan saw a record deal: a 421 Broome Street penthouse sold for $35.14 million - the most expensive deal in SoHo.

As the market picks up, demand for classic condos rises, fueled by a buyer's market in New York offering 10% discounts. The housing market steadily increases in volume and price, with opportunities for ultra-high-end properties abounding.

Juwai.asia recommends some high-end luxury homes in New York City that are worth owning.

A 3-storey beautiful house with a river view at Briarcliff Manor, New York.

Source: Juwai.asia

As the epidemic raged, both sales and rental prices of New York City real estate dipped slightly, with many high-net-worth homeowners moving to larger homes outside of downtown and, more dramatically, with some affluent residents heading in droves to country homes in New Jersey or waterfront homes in the Hamptons.

 

New Jersey, New York City's Suburban Hideaway

new jersey

Located between New York and Philadelphia, New Jersey is nicknamed the "Garden State".  It was given this meaning to describe New Jersey as a huge barrel filled with fruitful things to eat and are open at both ends, with Pennsylvanians grabbing from one end and New Yorkers from the other.

The state's high level of education is its crowning advantage, evident in Princeton University in New Jersey was ranked #1 in the nation by U.S. News & World Report's Best Colleges 2022.

In addition, Stevens Institute of Technology graduates have a high reputation and are ranked among the best in the nation for salaries.

In the last year, data from New Jersey Realtors shows that New Jersey real estate has been in short supply, with prices rising 13-16% annually.

 

The Hamptons, the playground of Wall Street's billionaires

Hamptons, New York

New York City is recognized as America's premier destination for luxury properties, but for something more expensive, we may have to turn our attention to the Hamptons.

The Hamptons, a waterfront town facing three sides of the river, is always populated with New York's wealthiest, whether on the holidays or weekends. In neighbourhoods packed with the rich, these residential properties have always offered great investment values.

In addition to its unique natural vacation resources, the Hamptons also boasts Long Island's premium school district, making it an attractive place for international home buyers from around the world, despite rising real estate prices.


TOP 2: San Francisco, California

San Francisco real estate

The West Coast's unstoppable charm

San Francisco, the number one most livable city in California, has the unique charm of being one of the most densely populated Chinese areas in the Western Hemisphere, with approximately 20% of its population being Chinese, the highest percentage of Chinese in any U.S. city (2020 U.S. Census).

Besides that, San Francisco is adjacent to Silicon Valley, where famous tech companies like Google are located. It is one of the most important economic areas in the United States.

San Francisco's real estate market is the highest among major cities in the U.S., with an impressive growth rate of 40%. And at this time of low-interest rates, housing prices are high, inventory is depleted, and buyers are looking at large, high-end condos.

Here's a San Francisco classic luxury home not to be missed!

A classically elegant Queen Anne Victorian home, perfect for a single-family.

Offers an exceptional and rare walk-out south garden that is entered through three sets of French doors from the kitchen and family room — the ultimate in endless indoor/outdoor living.


TOP 3: Los Angeles, LA

Los Angeles property

The best U.S. city for Chinese immigrants

Los Angeles is the second-largest city in the U.S. after New York and is the top city for Chinese immigrants. It has a beautiful environment, a mild climate, and the Chinese living here have a higher social status, which causes lesser restrictions.

There is ample opportunity to use the Chinese language with a large Chinese community, and it is very convenient to find a Chinese restaurant for dinner. Los Angeles has a developed economy and is second only to New York as a financial centre, offering many job opportunities.

Hollywood brings a cosmopolitan culture to Los Angeles and has more than ten amazing beaches around! You can spend all year long on the "endless summer" beach!

Check out this private gated celebrity compound, giving you the hot designer home among the elites.

Designed by LA's hottest interior designer, Karan Brady. Every inch of this dream estate is crafted with the finest details and perfect for entertaining on any scale.

Source: Juwai.asia


Top 4: Orlando, the Sunshine State

Orlando

Explore the pleasures of life year-round

Orlando, Florida, the "Sunshine State," is one of the best places to visit in the United States and a North American vacation destination.

With countless tourist attractions and many amusement parks, Orlando is a happy paradise for children, a great vacation choice for young people, and a hot spot for many older people to choose to retire. With an average year-round temperature of 23°C, Orlando is suitable for tourism all year round - you can swim in the water ten months out of the 12 every year!

And that's why the EB-5 program in the United States is the most popular immigration program. It provides green cards through investment for residency!

According to the report, high-net-worth individuals who come to Florida for the winter, primarily from Western Europe and Canada, will consider seeking a more permanent immigration option in 2021. How about you?

Orlando’s first and only Ritz-Carlton Residences in the market!

Source: Juwai.asia

These are the most sought-after areas in the U.S. for investment and living - so take action and realize your American Dream!

In the current international situation, U.S. real estate is like hard currency, providing a solid guarantee for preserving and appreciating your assets while helping you easily integrate into a free country to enjoy a comfortable and comfortable life.


Interested in any of the above U.S. real estates or have questions to ask? Send us a message below!

Our professional team of real estate agents will reach out to you soon.
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