However, with the U.S. luxury real estate market lower activity from overseas buyers – it has become harder for foreigners to get entry visas, there are currency control issues becoming more and more.
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At the same time, however, the number of ready-to-sell homes is set to increase in the primary market. About 17,000 units will be ready for sale in the New Territories, adding pressure on sales prices.
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Why China’s super wealthy shun Western-looking homes Written by Oscar Holland, CNN When Sotheby’s listed a 32-bedroom house in Suzhou last month, it was the property’s price tag that made headlines.
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Southern California builders' fixation on serving the luxury market. Declines in homes under construction were found across the region but. In certain markets, such as Orange County, fewer Chinese buyers are also hurting builders.. Construction outpaced the sales pace and that imbalance boosted.
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