Will the Chinese buying spree of real estate continue? According to Real Capital Analytics, Chinese are already on track to exceed 2015 commercial purchases by summer 2016, with several months left in the year to far surpass 2015 investment amounts.
Ben Briggs, Executive Vice President of International Business for Briggs Freeman Sotheby's International Realty, has lived in China for over 10 years and led the effort compiling an expert guide for Chinese investors interested in US real estate.
According to the National Association of Realtors, the Chinese are buying $27.3 billion of US real estate in 2016. Ben Briggs is based in China serving investors eager to diversify capital into overseas real estate.
The book's chapters include Why Purchase US Real Estate, Important International Tax Issues, Single-Family Investment, Closing the Deal, and more. The book includes chapters highlighting markets and submarkets in each of America's top gateway cities, written by local real estate CEOs and top brokers that work alongside Briggs. Briggs' colleague and Financial Analyst for Briggs Freeman Sotheby's International Realty, Catherine Hu, co-authored the book bringing much depth and wisdom to intricate details helping understand various asset classes of US real estate and relay that to the Chinese readers. The elite, expert co-authors include Nikki Field of New York, Mark Lowham in Washington DC, Daniel de la Vega from Miami, Robbie Briggs from Dallas-Fort Worth, Paul Breunich in Connecticut, Dean Jones of Seattle, Scott Carvill in Hawaii, Christine Petersen from Long Island, Jenny Pruitt in Atlanta, Suzanne Perkins in Santa Barbara, J Kuper in Austin, and Larry Rideout from Boston. Top US-China legal experts Tom Tong and Viking Tao also penned chapters on optimizing tax structures and negotiating joint venture partnerships.