Concierge Auctions

What China's Exodus of Money Means For Luxury Home Sellers and Agents

Apr 28, 2017

We are pleased to announce that we are now accepting premier properties and listings from around the world to be included in our inaugural Summer Portfolio Sale this summer. We invite luxury sellers and agents to submit luxury properties now or learn more.

This is our first portfolio auction in Asia and our second in the past 12 months. The properties will be marketed in partnership with media powerhouses The Wall Street Journal and Mansion Global.

So, why China?

We felt the timing was right to tailor our platform to an influential economy like China — not only the world’s most populous country, but also a major source of foreign investment in the United States and around the globe.

As the world's second-largest economy, China's influence on the global economy is expanding at a furious pace, thanks in part to the surge in outward foreign investment. A chunk of the money is flowing into residential real estate, particularly in the United States, where the Chinese represent the largest group of overseas buyers. The trend, which began on the coast, is now moving to the Midwest.

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Chinese purchases of residential properties have increased from $11.2 billion in 2010 to $28.6 billion in 2015 (33,000 homes).

China was the source of at least $350 billion in U.S. real estate-related investments at the end of 2015. In 2015, China was the largest international buyer of residential properties, and Chinese buyers paid an average of nearly double per home than other international buyers.

Between 2013 and 2015, 71% of Chinese buyers purchased homes in the U.S. on an all-cash basis, a substantially higher share than the other countries comprising the top five international buyers, with the exception of Canada.

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An Exodus of Money

With the Chinese government loosening capital restrictions, the country’s wealthy individuals and companies are moving more money overseas, in search of better returns elsewhere.

Submit Your Property or Listing

Now is the time to market luxury homes to Chinese investors.

While every country is different, the appeal of unique, luxury real estate transcends the miles. It’s thrilling to enhance our network to this region and present global and Chinese investors with some of the best real estate opportunities available for sale in the world.

To find out more about how your property or listing could be considered for the Summer Portfolio Sale, call +1.212.202.2940. You may also visit ChinaPortfolioSale.com to download full details, including the timeline, exposure, and outreach plan for the sale, as well as a white paper on Chinese real estate investment.

If you are a seller or agent with a luxury property that you would like marketed to Chinese investors, submit your property. Space is limited.

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