Chinese investors are showing a surging interest in North Dallas real estate. “Chinese buyers have become a factor in our market” says Hanne Sagalowsky, a local real estate agent who specializes in serving International buyers. “In Preston Hollow and the Park Cities, the uptick stands out in our upscale market” she says. “One important factor is our outstanding educational opportunities both on the Elementary, Middle & High school levels as well as college and post graduate levels”.
The Lone Star State boasts just four percent of Chinese investment in the U.S. – compared to 35 percent in California – BUT it is the country’s fifth hottest market and quickly growing. Statewide, Chinese purchases in Texas have more than doubled since 2013, as the Chinese government loosens restrictions on investment abroad and Chinese money pours into foreign markets. This will probably not change even with the current turmoil in the Chinese stock market. If anything, we may experience what Europe saw at the beginning of the financial crisis in Southern Europe when enormous amounts of money flowed into the London Real Estate market.
Hanne has the exclusive CIPS designation (Certified International Property Specialist) from the National Associate of Realtors. Hanne is the ONLY Texan on the 2016 Leadership Team of the National Association of Realtors which represents the 1,100,000 REALTOR® members in the United States. Having recently returned from Global Real Estate Conferences in Berlin and Stockholm, she is overseeing the Global committees and Initiatives of the National Association as the Liaison to Global Activities. Hanne has an International background and is multi-lingual. She is also past president of the MetroTex Association of REALTORS® (Dallas Association).
Nationwide, the story is similar. The New York Times reported “Chinese cash floods U.S. real estate market,” noting that Chinese now represent the largest group of foreign buyers in U.S. real estate.
Hanne Sagalowsky / email@example.com / 214-402-8200 / International Property Specialist