Chinese buyers comprise one of the largest groups of foreign buyers of residential property in the United States. In 2017, a record number of residential properties were bought by Chinese nationals, but since then, both the sales volume and percentage of all foreign-bought properties has declined. In 2023, Chinese buyers were responsible for 13 percent of all sales to foreigners.
Who is the biggest buyer of U.S. residential property?
The total property sales to foreign buyers peaked at 153 U.S. dollars in 2017, followed by a period of declining transaction value. The coronavirus pandemic has significantly contributed to cross-border transactions remaining subdued. In 2022, the value of property sales to foreigners was the lowest observed since recording began.
Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2023
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Includes buyers from the People's Republic of China, Hong Kong and Taiwan.
Supplementary notes
The source adds the following information: "estimates from 2010 thru 2015 include some commercial transactions. From 2016, the estimates include only residential transactions."
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National Association of Realtors. (August 1, 2023). Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/
National Association of Realtors. "Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2023." Chart. August 1, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/
National Association of Realtors. (2023). Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/
National Association of Realtors. "Total Number of Residential Properties Purchased by Chinese Buyers in The United States from 2010 to 2023." Statista, Statista Inc., 1 Aug 2023, https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/
National Association of Realtors, Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2023 Statista, https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/ (last visited July 22, 2024)
Total number of residential properties purchased by Chinese buyers in the United States from 2010 to 2023 [Graph], National Association of Realtors, August 1, 2023. [Online]. Available: https://www.statista.com/statistics/611020/total-number-of-properties-purchased-by-chinese-buyers-in-the-us/