Relevant:
- China buys $22bn worth of US homes, leads global pack, As Foreigners Take 7% of US Market
- China's $246 Billion Foreign Buying Spree Is Unraveling
- Home Purchases in U.S. by Foreign-Born Buyers Increase 24%, Realtors Say
- Cheap homes lure foreign buyers
- Hong Kong Derails Property Streetcar With Punitive Tax
2019-07-17 — cnbc.com
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The decline was due to a drop in the number and average price of purchases. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 valued at $121 billion in the previous period.
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The Chinese were the leading buyers for the seventh consecutive year, purchasing an estimated $13.4 billion worth of residential property. Yet that was a 56% decline from the previous 12 months and comparatively the biggest percentage drop of all foreign buyers.
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