Tags: chinese | buy | us | homes

Rich Chinese Buying Cheaper U.S. Homes

Thursday, 26 Mar 2009 11:07 AM

Amid a downturn in real-estate prices, some wealthy Chinese are signing up for home-buying tours to the U.S., and Chinese media tout the trend as another sign of the strength of what's now the world's third-largest economy behind the U.S. and Japan.

"The real estate prices in America have gone down drastically," said Yin Guohua, a partner in a law firm who recently returned from an 11-day U.S. tour with a group of Chinese elite. "It's a good option for Chinese people who want to buy for investment."

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Amid a downturn in real-estate prices, some wealthy Chinese are signing up for home-buying tours to the U.S., and Chinese media tout the trend as another sign of the strength of what's now the world's third-largest economy behind the U.S. and Japan."The real estate prices...
chinese,buy,us,homes
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2009-07-26
 

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