Sorin Adamovici

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Seattle becomes No. 1 U.S. market for Chinese homebuyers

Posted On: October 7th, 2016 2:49PM

There’s been a large increase this year in Chinese buyers looking for property in the Seattle area, and a new tax on foreign buyers in Vancouver, B.C., is expected to amplify the trend.


A growing wave of money from China and other foreign countries is pouring into the Seattle-area housing market, helping drive home prices even higher. And since July a new tax on international buyers in Vancouver, B.C., long a popular market for home seekers from China, has focused even more global interest here. Read entire article from Seattle Times, click here. 

 

By  Seattle Times business reporter

 

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