The crackdown, coupled with the desire by many Chinese to diversify and secure their wealth, has led many to move their families and fortunes overseas. In a survey, Hurun found that 64 percent of wealthy Chinese have either moved overseas or plan to move abroad in the coming years. Hoogewerf said that trend is likely to continue, helping to drive up real estate prices in the U.S., Australia and other popular Chinese destinations.
"China is stagnating, so they're looking for a growth market," he said. "That's where the U.S. comes to the minds of many Chinese. They're looking for stable political systems, and they're looking to put their money here. China's real estate tycoons are now thinking 'where's the next market?' Let's see if they shake up the U.S. real estate market."
Much of the attention on Chinese purchases of U.S. real estate has focused on residential. Chinese buyers were the largest overseas home buyers in the U.S. last year, with $22 billion in purchases. Yet Hoogewerf said the next real estate wave could be Chinese companies and investors buying or building commercial real estate in the U.S., including projects in Los Angeles, Chicago and Brooklyn.
"We'll see if they continue to remake the U.S. real estate market," he said.
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