More and more U.S. real estate investment expos are being held in Beijing, China. Many have shown to have a great turn out as Chinese buyers are taking advantage of the discounted U.S. real estate. The Chinese economy is far less affected by the current crisis compared to the U.S. combined with the high savings rate of Chinese households, puts the Chinese buyers in a great investment position. Chinese buyers flocked to the expo to finds ways to take advantage of the situation and buy discounted U.S. real estate.
Exhibitors like Investment Property Vultures showcase discounted resale and government auction solutions. According to Investment Property Vultures, buyers show particularly strong interest in Florida and Texas.
Theses three-day events concentrate on investment potential of U.S. real estate. Despite the strong Chinese economy, buyers were interested in diversifying investments. While other were drawn by the investment U.S. green card opportunities available though the EB5 program. Investors say this is a great time to participate in an investment immigration U.S. green card because the underlying property is so heavily discounted.
The frenzy is consistent with comments by Lawrence Yun, National Association of Realtors chief economist, “A steady share of investment-home sales results from buyers taking advantage of deeply discounted prices in many areas, with a smaller portion of new homes in the sales mix.”
Many analysts believe that the U.S. government plans are starting to turn around the U.S. real estate market. “Over time, lower mortgage rates should help to improve conditions in the housing market, whose persistent weakness has had a major impact on economic and financial conditions more broadly,” Bernake said.
For foreign investors the interest shown by the Chinese buyers is definitely a sign that this is the right time to take advantage of the U.S. real estate discounts.
To contact one of the featured exhibitors at these expos, Investment Property Vultures, which offers bank repos and distressed properties but also, government owned properties, investors can contact them via their website www.investmentpropertvultures.com or email them at info@investmentpropertyvultures.com.
Article Source: http://www.articlesbase.com/real-estate-articles/investment-property-vultures-brings-discounted-us-real-estate-to-chinese-investors-4694022.html
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