China targets Florida, NY residential markets

TRD NEW YORK /
Jan.January 20, 2012 02:00 PM

From the South Florida website: New York and South Florida’s residential market was buoyed by an influx of foreigners last year. But a new player could be emerging from the Far East: China. Generally, Chinese buyers like to purchase where there is already an entrenched Chinese community, with Chinese people and Chinese restaurants — something which New York has, but South Florida lacks right now, said South Florida-based Coldwell Banker Realtor Jeanne Nicastri. But they’re also influenced by their friends, she said, and the more Chinese buyers that decide to make the move, the more that could join them. “Although [South Florida is] a long way from China, we have become very trendy, and we’re on the trendy map,” Nicastri said. “Since they’re already involved in New York, and Miami is an offshoot of New York, that’s what’s driving them to come here.” [more]


Related Articles

arrow_forward_ios
Medical staff outside of a Beijing hospital in February 2020 (Credit: Getty Images)

Coronavirus is wreaking havoc on China’s landlords

China’s coronavirus outbreak appears to be slowing property sales activity in affected areas of China. (Credit: iStock)

How Chinese developers are exposed to Coronavirus

Hard Rock Stadium in Miami (Credit: HOK Studio)

Climate change is a real threat to America’s very expensive stadiums

China’s prefabricated hospital in Wuhan on January 30. (Credit: Getty Images)

Building the Coronavirus hospital in just 10 days

(Credit: iStock)

Real estate created the Chinese elite. Here’s what happens next

UCommune Chairman Mao Daqing and the New York Stock Exchange

China’s largest co-working firm eyes a New York IPO

(Credit: iStock)

Here’s what the EB-5 rule changes mean for real estate

Bizarre case of deed fraud complicated Anbang’s $5.8B hotel portfolio deal

Bizarre case of deed fraud complicated Anbang’s $5.8B hotel portfolio deal

arrow_forward_ios
Loading...