2012 real estate forecast shows growth in investment property sector
22.02.12

Looking into the future
Professionals Realty Group USA President, Glenn Melton reports that the recent Chinese government’s liberalization of restrictions on investing capital outside of the country, will have a positive trickling down affect on real estate brokers and agents’ business in the United States.
“The relaxing of Chinese foreign investment policies will create an influx of Chinese investment capital overseas,” states Melton. “This will spur investments in the Asia Pacific regions, as well as the United States; especially given the concern that central government intervention to contain overheated domestic housing prices will lead Chinese investors to seek other opportunities abroad.”
Melton notes that U.S. Congress is also actively finding new ways to spur international investment in the U.S., for example, bi-partisan legislative bill introduced by Senators Charles Schumer (D-NY) and Mike Lee (R-UT) proposes to offer a temporary residency visa to immigrants who spend at least $500,000 on a home in the United States.
Source: AGBeat