It is not worth ignoring the next article about the drop in foreign investments
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It is not worth ignoring the next article on the drop in foreign investments [https://www.cnbc.com/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html](https://www.cnbc.com/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html)
Foreign purchases of American homes plunge 36% as Chinese buyers flee the market
Challenging conditions in the US housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.
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Translation of the article: Challenging conditions in the US housing market, coupled with tighter control of the Chinese government's currency, have led to an astonishing drop in foreign demand for American homes. The dollar volume of homes purchased by foreign buyers from April 2018 to March 2019 decreased 36% compared to the previous year, according to the National Association of Realtors. The decrease was due to a decrease in numbers and the average price of purchases. Foreigners purchased 183,100 properties with a total value of about $ 77.9 billion, compared to 266,800 worth of $ 121 billion in the previous period. They paid a median price of $ 280,600, which is higher than the median for all existing homebuyers ($ 259,600), but it was lower than $ 290,400 the previous year. "A combination of many factors - a slowdown in overseas economic growth, tighter capital controls in China, a strong U.S. dollar and a low inventory of homes for sale - have contributed to the decline in foreign buyers," said Lawrence Ion, NAR's chief economist. "However, the intensity of the decline is quite impressive, implying less security of ownership of property in the US" The Chinese were leading buyers for the seventh year in a row, the purchase of a residential property worth $ 13.4 billion. But this was a decrease of 56% compared to the previous 12 months relative to the largest percentage decrease of all foreign buyers. Chinese economic growth slowed to 6.3% in 2019 compared to 6.9% in 2017, when the previous buyer survey began. The Chinese government has also tightened its grip on cash flow for the purchase of foreign property.
Here's the link again:https://www.cnbc.com/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html
It is interesting to note that the reason for the decline in investments is related to a trade war or to the economic situation stuck in China?
Or whether it is simply a continuation of the trend of a general economic slowdown
@ AdminInteresting question. It must be part of the general picture.
Very interesting, it is intriguing to know where Israeli investors are ranked on the scale