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Why Miami Offers Attractive Opportunities to Chinese Investors re: Real Estate

Why Miami Offers Attractive Opportunities to Chinese Investors re: Real Estate
Monday, March 23, 2015

More so than ever, wealthy Chinese investors are actively seeking returns abroad when it comes to investments. China’s 2014 GDP growth of 7.4% was the slowest since 1990 and China’s growth outlook is gloomy due to its impending real estate bubble. Chinese developers have demonstrated in the past few years that they are not afraid to undertake large projects on foreign soil.

chinese real estate investors

In 2013,  Chinese commercial developer, ABP China (Holding), entered into a £1 billion deal to transform a 35-acre site at into a business district that would serve as a gateway for Asian and Chinese business into Europe. Also in 2013, . In December 2014, Shanghai-based near the Barclays Center in downtown Brooklyn, New York, which will comprise of 14 residential buildings and eight acres of green space.

As  and gain international recognition as a top tier city, both as a significant financial trading center and a world-class travel destination, it has much appeal to the Chinese. With its attractive coastal location and tropical weather,  the city also offers the kind of affordable ultra-luxury residential housing that is interesting to cash-rich, high-net worth Chinese buyers. The shows an average housing cost of $240 per square-foot for Miami Coastal and Mainland and $651 per square-foot for Miami Beach/Barrier Islands. By way of comparison, residential homes in .  Miami’s active state of growth signals large potential for appreciation and return on investment.

© 2024 Bilzin Sumberg Baena Price & Axelrod LLP