Foreign Buyers Continue to Inflate Global Residential Real Estate Bubbles – This Will End Badly
by Tyler Durden
ZeroHedge.com
Jul 24, 2016
We have frequently talked about the negative future consequences of hot international money chasing “safe” foreign real estate investments. As such, our interests were piqued to discover that the average price paid by Chinese investors in US residential real estate for 2016 continued its meteoric rise to $937k from $832k in 2015, a mere 20% CAGR since 2011 vs. only 4% for the U.S. market overall. They must see something the rest of us are missing.
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