Chinese citizens are buying up $6B of property in US




Mail Online | 27 July 2022

REVEALED: 15 key US states where Chinese citizens are buying $6B of property after being banned by other countries for pushing up house prices as Ron DeSantis calls it a ‘huge problem’
  • California and New York are the top two spots for Chinese buyers in the US, followed by Indiana and Florida, tied for third 
  • Chinese buyers spent $6.1billion in the US on mainly primary residences (52 percent) and residential rentals (25 percent)
  • Florida has hit its 14 consecutive year as the number one spot overall for foreign buyers, which Governor Ron DeSantis, 43, called a ‘huge problem’ 
  • Chinese buyers are being pushed out of other countries, like New Zealand and Australia for driving up housing prices 
  • Many are doing so to avoid paying income taxes in their home country, it has been reported  
  • Like New Zealand and Australia, DeSantis wants to impose foreign taxes on them to deter them from buying on US soil 
  • ‘I don’t think they should be able to do it. I think the problem is these companies have ties to the CCP, and it’s not always apparent,’ DeSantis said 



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