While there’s been much cross-pacific loan relocation, it looks like the world’s largest holder of American loans may be surveying our shores for property acquisitions. According to a new report from Forbes, China is slated to be the largest to spend billions of dollars on American real estate in the next few years. Outpacing both Canada and Australia (which stand as the second and third most popular destinations for Chinese buyers), American real estate overwhelmingly centered on populous and economically thriving metros will likely undergo aggressive acquisition as the PRC seeks greater property holdings overseas.
As I noted in a …read more
