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Sotheby’s International Realty Donates 150 Homes for Impoverished Families

This week 2500 of Sotheby’s International Realty’s top brokers from across the globe joined forces to donate funds to build a new community for impoverished families in a remote part of Mexico.

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Led by New Story Homes and CEO Brett Hagler, Sotheby’s International Realty donated over $1 million this week which will fully fund 150 brand new homes for families in this community. And Sotheby’s pledged to continue the campaign and far surpass that figure. Sotheby’s Realtors have a passion for homes as well as global causes, which makes this charitable effort such a good partnership. 

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What Is the ‘China Smile’ for US Real Estate?

Chinese buyers spend more money on US residential real estate than any other foreign investors, and now we have a better sense of where they’re putting their money.

By conducting in-depth interviews with 120 agencies throughout mainland China, real estate platform Investorist compiled a list of five US housing markets where Chinese buyers are projected to spend the most money in the next 12 months: Los Angeles, California; Miami, Florida; New York, New York; San Francisco, California and Boston, Massachusetts.

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Video: Will China’s Capital Controls Affect US Markets?

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China’s Power App: WeChat

This NYT video explains how China’s most powerful app enables chatting, investing, and even real estate purchases

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For the First Time Ever, Chinese Outbound Property Investment Surpassed the $100 Billion Mark

2016 saw Chinese real estate investors spending a record $101.4 billion on both residential and commercial properties globally – up 845% over the past five years, and a 25.4% growth from 2015.

According to Juwai’s recently released Chinese Global Property Investment Report, the US is considered by most property investors from China as a ‘near perfect’ market, which explains the more than $50 billion lavished by Chinese buyers on American real estate.

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Chinese appetite for US real estate swells to $31.7 billion

Chinese bought a record $31.7 billion worth of US residential property between April 2016 and March 2017, a 16.1% increase from the preceding year.1

Despite capital controls being introduced by the Chinese government in late 2016, a latest report by US-based National Association of Realtors (NAR) indicate that the Chinese passion for American real estate remains fervent.

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Author Ben Briggs Attends Book Signing for “Chinese Institutions’ Definitive Guide to USA Commercial Real Estate”

Event Draws Dozens of Invited Guests to RSIR’s Kirkland Branch Office for Book Signing and Lake Washington Boat Tour

On Wednesday, July 26th author Ben Briggs of Briggs Freeman Sotheby’s International Realty and resident of China, visited the offices of Realogics Sotheby’s International Realty on the Kirkland waterfront for an impromptu book signing of his book Chinese Institutions Definitive Guide to USA Commercial Real Estate. The book, written in Chinese, is currently offered for sale on Amazon.com and includes chapters written by twelve other co-authors including RSIR’s Dean Jones, representing the Seattle / Bellevue metro area.

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New Chinese Book Makes Waves in Seattle!

Book signing takes top Chinese investors, developers, and brokers on 75 foot luxury yacht cruise to see exclusive waterfront properties

Seattle’s real estate prices grew 13% year-over-year in 2017 according to the latest Case-Schiller report. With oceans to the west and mountains to the east, it’s no wonder Microsoft, Amazon, and Alibaba are based here and Bloomberg ranks Seattle as #2 best city to live.

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Chinese Investors To Spend $1 Trillion On Real Estate In Next Decade

“Toronto and Montreal have surpassed Vancouver as the Canadian cities that Chinese homebuyers are most interested in, according to data from Juwai, China’s largest real estate portal.

“The company predicts that Chinese investors will pour some $1 trillion (C$1.27 trillion) into real estate around the world over the next decade, of which a considerable amount is likely to land in Canada. The country is the fourth-largest destination for Chinese real estate investment, behind the U.S., Australia and Hong Kong.

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China #1 foreign buyer of US real estate in 2017 at $31 billion

The Chinese set the record this year with $31 billion of US real estate purchases, with total foreign purchases up 49% over 2016.

Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high, as transactions grew in each of the top five countries where buyers originated.

This is according to an annual survey of residential purchases from international buyers released July 18, 2017 by the National Association of Realtors ®, which also revealed that nearly half of all foreign sales were in three states: Florida, California and Texas.

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