daniels mpv condos for sale.Home ownership trend in North America. The house price index in Canada and the United States rose by 11.4% and 6.2% respectively. Many people were surprised by the sharp increase in house prices in Canada.Please Visit: daniels mpv condos for sale to Get Your VVIP Registration Today!
As major Canadian real estate markets such as Vancouver and Toronto remain in a state of high demand and low supply, house prices have also continued to rise. Among them, house prices in Greater Vancouver and Greater Toronto rose by 13% and 17% respectively.
On the other hand, because the United States has the highest quality education, the most advanced culture and the most developed economy in the world, it has a very strong attraction for overseas investors who want to emigrate, study abroad, provide for the aged and buy homes. It is also reasonable for house prices to continue to rise. House prices in the United States generally rose in 2017 compared with the same period last year, with Seattle growing the fastest, with an increase of 12.9% over the same period in 2016.
Among the top 10 cities in the global real estate market investment return index, North America accounts for 6 cities, including 3 cities in the United States and 3 cities in Canada.
According to the survey results, there are four main uses for Chinese high net worth people to buy homes in North America: the first is the need for asset allocation, which accounts for the highest proportion, accounting for 54.8%; the second is the educational and housing needs of their children, taking into account nearly 50% of the population; in addition, compared with last year, the proportion of people considering buying foreign property due to “health care” has increased significantly, reaching 15.1% in 2017.
The report shows that the first destination for Chinese investors to buy overseas property is the United States. Since there is no qualification to buy a house in North America, as long as there are sufficient funds to invest, and the liquidity is good, taking into account the high-quality education, living conditions, environment and lifestyle and other factors in the United States, investors are more interested in the US real estate market. In terms of home ownership types, the area where Chinese high net worth people choose the most when buying homes in North America is the Chinese gathering area, followed by the downtown real estate in the core area and the school district housing near the school district.
In all parts of the United States, the areas where high net worth people buy homes in China are relatively scattered, with California, Texas and Florida accounting for 37%, 11% and 8% respectively. Thus it can be seen that California is still the first choice for investment by high net worth people in China. In Canada, investment destinations are mainly in Greater Vancouver and Greater Toronto. This is closely related to the relatively developed economy, high-quality teaching system, beautiful environment and the gathering of many Chinese in the area.
Nearly half of China’s high net worth people regard overseas real estate investment as the main target, they own an average of 2.3 overseas properties, and 15.6% of the population own four or more overseas properties. From the perspective of the type of property purchased, apartments and villas have become the largest types of overseas real estate purchased by high net worth people with obvious advantages. Commercial real estate accounts for a low proportion of overseas real estate types due to the influence of investment threshold, policy risk, large fluctuation of investment return and investors’ unfamiliarity with the local economic environment.
More than 50% of Chinese investors surveyed believe that asset allocation demand is the main purpose of their purchase of North American real estate, accounting for 52.8%. Children’s education is not far behind, accounting for 47.8%. In recent years, the proportion of Chinese people sending their children to study abroad has increased year by year, and is becoming more and more younger. Therefore, children’s overseas education has also become an important driving factor for high net worth people to buy homes abroad.