NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require the member's nar.realtor login.
Information From the National Association of REALTORS®
Read more about Chinese home buyers in the 2023 Profile of International Transactions in U.S. Residential Real Estate.
CIPS - Asia/Pacific and International Real Estate Real Estate Course (Center for REALTOR® Development)
Designed for real estate professionals at all experience levels, The Asia/Pacific and International Real Estate course introduces real estate professionals to the basic skills and knowledge necessary to facilitate transactions with clients in the Asia/Pacific region.
Chinese Real Estate Buyers in the United States
DOJ Says Florida Law Signed by Ron DeSantis Limiting Chinese Land Ownership is Unconstitutional (NBC News, Jun. 29, 2023)
"These unlawful provisions will cause serious harm to people simply because of their national origin, contravene federal civil rights laws, undermine constitutional rights, and will not advance the State’s purported goal of increasing public safety," the Justice Department wrote in support of a lawsuit seeking to block the law.
China Owns 380,000 Acres of Land in the U.S. Here's Where (NPR, Jun. 26, 2023)
Although Chinese-owned land is a tiny fraction of all foreign-owned land in the U.S., its purchases have raised fears that the Chinese government could have control, through the Chinese corporations, over U.S. assets or gain access to U.S.-based information.
History Repeats Itself with Anti-China Land Ownership Proposals (CNN, Feb. 18, 2023)
In Virginia, Gov. Glenn Youngkin is expected to sign legislation to bar citizens of countries the State Department has designated as “foreign adversaries” from owning agricultural land. Companies with deep ties to those countries would also be affected. Those countries currently include China, Russia, North Korea and Iran. There are similar proposals in Montana, Wyoming and North Dakota. Foreign owners control a fraction of US farmland, according to the Congressional Research Service.
Real Estate in China
China Mulls Mortgage Easing to Spur Home Purchases in Big Cities (Bloomberg.com, Jul. 19, 2023) E
“Regulators are weighing scrapping rules that disqualify people who've ever had a mortgage - even if fully repaid - from being considered a first-time homebuyer in major cities, said the people, asking not to be identified discussing a private matter. Currently homebuyers with a mortgage record who don't own a property are still subject to the higher down-payment and more restrictive borrowing limits applied to those buying a second home.”
China June New Home Prices Flat in Weakest Showing This Year (CNBC, Jul. 15, 2023)
China’s new home prices were unchanged in June, the weakest result this year, data showed on Saturday, increasing pressure on policymakers for more stimulus as economic recovery falters.
The PBoC Props Up China’s Housing Market (Council on Foreign Relations, Mar. 21, 2023)
This past January, the PBoC effectively abandoned its established policy of managing housing demand by setting a nationwide minimum interest rate floor on mortgages in favor of a city-by-city tailored approach that allows municipal governments to set rate floors in local markets.
Can China Fix Its Housing Crisis? (Brink News, Feb. 22, 2023)
Since early 2022, over 300 cities have issued support measures for the housing market, including relaxation of various purchasing restrictions. Beihai decreased the minimum down payment from 60% to 40% on households’ purchase of a second property.
Websites & Other Resources
China Institute of Real Estate Appraisers and Agents (CIREA)
11th Floor, Building 7 Interwest Business Center
9 Shou Ti Nan Road, Haidian District
Beijing, 100048 China
China Real Estate Chamber of Commerce (CRECCHKI)
+852 2153 9683
+852 2153 9273
Room 1708, 17/F, 700 Nathan Road, Mong Kok, Kowloon
Global Ambassador for the China Institute of Real Estate Appraisers and Agents (CIREA), the China Real Estate Association (CREA), and the China Real Estate Chamber of Commerce (CRECC)
233 SW Wilson #102
Bend, OR, USA
The Real Estate Developers Association of Hong Kong (REDA)
1403 World-Wide House
19 Des Voeux Road Central
Tel: (852) 2826 0111
Fax: (852) 2845 2521
Ambassador Association for China: San Francisco Association of REALTORS®
PRIMARY CONTACT: Walter Baczkowski
Phone: 1 415 431 8500
Fax: 1 415 553 3968
301 Grove Street
San Francisco CA 94102-4497 USA
Chinese Real Estate Websites
Juwai — Chinese-language real estate listings website
Lianjia — Chinese-language real estate listings website
Sofang — Chinese-language real estate listings website
eBooks & Other Resources
Chinese Business Etiquette and Culture (eBook)
Chinese Learn Mandarin Chinese for Beginners: A Simple Guide That Will Help You on Your Language Learning Journey (Audiobook)
The Chinese Way in Business : The Secrets of Successful Business Dealings in China (eBook) E
Doing Business in China (eBook, Audiobook)
Doing Business Successfully in China (eBook) E
Dr. Blair's Chinese In No Time (Audiobook)
Emerging Market Real Estate: Investing in China, India, and Brazil (eBook)
Understanding China's Real Estate Markets (eBook)
Books, Videos, Research Reports & More
As a member benefit, the following resources and more are available for loan through the NAR Library. Items will be mailed directly to you or made available for pickup at the REALTOR® Building in Chicago.
Emerging Market Real Estate Investment: Investing in China, India, and Brazil (Hoboken, NJ: Wiley, 2010) HD926 .L96 2010
Modern Chinese Real Estate Law : Property Development In An Evolving Legal System (Burlington, VT: Ashgate Publishing, 2011) KNQ683.S74 2011
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