Chinese investment in the U.S. real estate market has surpassed $300 billion and is growing despite China's economic weakness and increased currency controls, the authors of a new report said on Monday.
Between 2010 and 2015 Chinese buyers bought $93 billion in residential real estate, nearly $208 billion of mortgage-backed securities, and roughly $17 billion of commercial real estate, including office towers and hotels, according to the report by the Rosen Consulting Group and the Asia Society.
Despite those eye-popping numbers, foreign direct investment from China still only makes up 10 percent of all foreign direct investment put into the United States.
However, the report is significant as the first independent study to prove Chinese investors rank among the top in every real estate sector. It also shows Chinese investors have stamina and can withstand short-term market events, said Arthur Margon, a co-author of the report and a partner at Rosen Consulting Group, which specializes in real estate.
"There are strong signals that there will be continued, maybe even increasing appetite," said Margon, during an event at New York's Asia Society.