China Enters Florida Real Estate Market

With the increase of foreign buyers showing interest in the South Florida region, it is no surprise that new powerhouse China has entered the South Florida residential market looking for prime real estate to purchase.

Photo by frank müller

Many Chinese buyers are looking for investments that are $500,000–which is the minimum buying purchase for a buyer to be eligible for the much sought after EB5 visa. This would entitle the buyer to 3-year U.S. residency, and many developers have used this incentive to their advantage. Obtaining a U.S. visa has become a substantial reason for affluent Chinese buyers to purchase property in the United States.

Source: China Targets South Florida Residential Market

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