Virginia Real Estate a Hot Commodity for Chinese Investors

Virginia Real Estate a Hot Commodity for Chinese Investors

Chinese investors are buying up properties throughout the US at an unprecedented rate. In addition, the speed at which they’re putting their money into American properties is accelerating almost exponentially. In fact, China is the number one buyer of American real estate, followed closely by Canada and Australia, and while they’re investing across the nation, properties in Virginia are among the most popular. Why is this? What’s behind the drive toward investing in Virginia properties as opposed to land in the Carolinas, Georgia, or north in New England? Actually, there are a number of reasons for this.

key bridge in georgetown

Why Virginia?

Really, it’s easy to understand why Chinese investors are snapping up properties in and around Virginia. It’s really all down to that age-old real estate mantra, “location, location, location”. Virginia is uniquely situated with almost anything an investor might want, from a solid infrastructure with main interstates and highways, proximity to the Atlantic Ocean, easy access to states north, south and west, and more. However, the state’s proximity to Washington D.C. is probably an even stronger attraction. Just a short drive away are the nation’s corridors of power. That’s good news for pretty much any investor, particularly those looking for a good return over time.

Washington DC Capitol , USA

Real Estate in Northern Virginia a Diversity of Uses

So, what are Chinese investors actually doing with the billions of dollars’ worth of real estate they’re buying in the US? To what ends do they put those Virginia properties? Chinese investors have the same needs as any other real estate investor, with a couple of differences.

Living In: Chinese investors are heavily involved in the Virginia housing industry and for good reason. While China’s economy might have officially surpassed America’s, that doesn’t mean the country is a great place to live. Those with the means are getting out, and they need somewhere to go. A posh country home in Virginia is a great option, but they’re actually happier with a location in an urban area. Multifamily properties are highly sought after by Asian investors for both income needs as well as for relocation purposes.

Return on Investment: One of the most common reasons for anyone to invest in real estate is to make a return on that purchase at some point. Chinese investors are savvy, and because the majority of purchases are made by groups ranging from insurance companies to wealth funds to ultra-wealthy families, many of these buyers are looking to put in their capital, let the investment mature, and then sell for a profit later on.

Trophies: Most of the properties purchased by Chinese investors will never actually see the owners in person. They’re “trophy properties”, or “postcard properties” according to sources ranging from Forbes to CNN Money. In fact, in a story for West Virginia Public Broadcasting, Dan Fasulo says these are, “The pretty pictures they can show around back home and everyone will know what they’re looking at.”

homes-1

Virginia Real Estate a Hot Commodity for Chinese Investors

As China’s economy continues to grow, American property owners can expect to see more and more investments from Chinese individuals, families and groups for these purposes and more.

Source:

http://wvpublic.org/post/asian-investors-find-hot-market-us-properties

http://realestate.aol.com/blog/2013/07/08/chinese-homebuyers-flood-us-housing-market/

http://finance.yahoo.com/news/official-america-now-no-2-150936444.html

http://www.forbes.com/sites/kenrapoza/2013/07/10/chinese-to-spend-billions-on-american-real-estate/

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Canadians Invest in Northern VA Real Estate

Canadians Invest in Northern VA Real Estate

Stately Single Family

Canadians in Northern Virginia: Where to Call Home

Northern Virginia has seen a significant amount of growth from a number of international immigrants. The Hispanic population is the largest of these, certainly, followed by those of Asian origin (including Indian, Chinese, Vietnamese and more). However, Canadians are also coming to the state in measurable numbers. Where do Canadians frequently settle? What sort of lifestyle do they enjoy?

Canadian  Real Estate Investors Come to Urban Areas

The most common choice for Canadians choosing to make their homes in northern Virginia is urban centers. You’ll find residents of Canadian origin in cities like Charlottesville, Arlington, Fairfax, Alexandria and Leesburg. Cities closer to Washington D.C. have a higher concentration of Canadian immigrants than those in more rural areas.

What Draws Canadian Immigrants?

Canadians are attracted to northern Virginia for the same reasons as other groups – namely, employment options, proximity to popular attractions and areas, the quality of the education, and the relative affluence of the area. Northern Virginia has the state’s highest average salary per household, and it’s also home to the most of the technology companies that call Virginia home. Combine that with attractions like Washington D.C., shopping areas like Potomac Mills and Tysons Corner Center, as well as historic attractions like Civil War monuments and battlefields, and it’s easier to see why Canadians are attracted to live here.

  • Lifestyle – Canadians immigrants will find that life in northern Virginia isn’t much different from what they knew at home. Canadians and Americans share a very similar culture, and there are no language barriers. In fact, many Americans are unable to tell that someone is from Canada unless they come from Quebec, or specifically state their nation of origin. So, Canadian immigrants enjoy the same lifestyle as their natural-born American counterparts, including the same employment opportunities, potential housing options and more.
  • Home Life – When it comes to purchasing real estate, Canadians have plenty of options. There are numerous apartment complexes in larger urban areas (think Alexandria and Fairfax, for instance). There are also condos, townhomes, single-family homes and more. The more rural the area, the less diverse the housing options will be, though, so immigrants seeking a short-term rental generally gravitate to more urban areas.
  • Religion – While technically part of the Bible Belt, northern Virginia is home to a growing number of religions. The majority of the area’s residents are Protestant, but Catholicism, Buddhism, Hinduism and other religions are also present.
  • Employment Options – Canadians moving to northern Virginia will find that most of the area’s employment options are centered closer to Washington D.C. Cities like Arlington and Fairfax offer jobs within their bounds, as well as a place to live within easy reach of D.C. and the myriad employment options available with the federal government. Technology companies, businesses in the tourism industry, healthcare workers and state and federal government jobs are the prime options.

Canadian immigrants choosing to call northern Virginia home will find that things aren’t so different from home, and that there’s plenty to love in the state.

Source:

http://en.wikipedia.org/wiki/Northern_Virginia#Attractions

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