Concord condos for sale toronto . Foreign real estate ranking. The report also found that house prices in the United States are still much cheaper than in many parts of China.
For example, the average price of a house in New York, Jersey City and Baiyuan Town, Shangzhou is $2930 per square meter, compared with $28670 per square meter in Hong Kong and $11829 in Shanghai.
But at a recent report release forum, George Chmiel, executive chairman of Juwai, which serves Chinese buyers of foreign homes, said that Sino-US relations have stabilized since Biden took office, making it easier for Chinese people to obtain US visas, and Chinese buyers’ interest in the United States has rebounded. In terms of inquiries about Chinese buyers buying houses abroad in the first quarter of this year, the United States became the second largest destination after Thailand, while the United States ranked fourth among Chinese buyers in 2019 after Thailand, Australia and Japan.
The median selling price of second-hand homes in the United States reached an all-time high of $363300 in June, according to a report released last Thursday by the National Association of Realtors. ‘The demand for home ownership in the United States is very strong, so the reduction in purchases by foreign buyers has not put pressure on the overall market, ‘said Lawrence Yun, chief economist of the association. Rong Xiaoqing, a reporter from Sing Tao, reports from New York. “A listed house in Arlington, Virginia.
Soper said banks would generally be very cautious about the risk assessment of second-tier assets for a second property owned by the same owner.
He said that the survey found that 7 per cent of the owners would leave the second property vacant, reflecting that the properties were leisure properties belonging to villas, but young owners were unlikely to leave these properties vacant and should rent them out in the form of Airbnb for a short period of time.
Soper said that as Toronto may introduce a property vacancy tax in 2022, it may have an impact on the number of vacant properties.
