Obama’s New Visa Law Seen Helping Chinese Buy U.S. Real Estate

A new visa rule for Chinese students and tourists will make it easier for China home buyers to continue their trend of buying American real estate, Shanghai based real estate company Juwai said on Friday.

China remains a niche market for realtors. In some high-end neighborhoods like Arcadia, Calif., rich Chinese can drive up the market price for housing as they are willing to overpay for lifestyle and legacy properties intended to be handed down for generations to come. A new visa law will make it easier for Chinese students to come to the U.S. Some say this will increase China’s interest in American housing, especially in major college towns.

via Obama’s New Visa Law Seen Helping Chinese Buy U.S. Real Estate.