Professionals Realty Group USA (ProsUSA) President Glenn Melton reports that the recent Chinese governmentâ€™s liberalization of restrictions on investing capital outside of the country, will have a positive trickling down affect on real estate brokers and agentsâ€™ business in the United States.
â€śThe relaxing of Chinese foreign investment policies will create an influx of Chinese investment capital overseas,â€ť states Melton. â€śThis will spur investments in the Asia Pacific regions, as well as the United States; especially given the concern that central government intervention to contain overheated domestic
housing prices will lead Chinese investors to seek other opportunities abroad.â€ť
U.S. Congress is also actively finding new ways to spur international investment in the U.S. A new legislative bill introduced by Senators Charles Schumer (D-NY) and Mike Lee (R-UT) proposes to offer a temporary residency visa to immigrants who spend at least $500,000 on a home in the United States.
So what does this mean for real estate brokers and agents in the U.S.? According to Melton, â€śThe real estate investment sector is rapidly evolving with more investors interested in real estate portfolios than one-off transactionsâ€”and we will truly see its fruits in the next 18 to 24 months. Real estate brokers and agents have an opportunity to be ahead of the curve and take a bigger position in the investment real estate space, whether foreign or domestic.â€ť
He adds, â€śEstablishing easy and safe access to American real estate now will position real estate professionals for a natural flow of investment business down the line.â€ť