Chinese travelers come to the U.S. for sightseeing, but also (discreetly) to buy properties

CHinese woman at home - China elite focusThe number of Chinese tourists traveling the globe has increased significantly for the last ten years, making them the largest group of travelers in the world. Now, thanks in part to a recent agreement between the U.S. and China to extend visas for short-term business travelers, tourists and students, the U.S. could see an increase in Chinese travelers in the near future.

This trend is supported by research from the latest Chinese International Travel Monitor (CITM) from which reveals the U.S. is the second most popular destination for Chinese travelers to visit in the next 12 months (behind France), with popular U.S. landmarks like the Grand Canyon and the Statue of Liberty topping travel wish lists.
The CITM research also identifies that, while cities in Asia Pacific remain the most popular (82 percent of Chinese travelers have visited in the past 12 months), visitors to Europe and America have increased with a year over year growth of 25 percent and 11 percent, respectively. These destinations were particularly popular with millennial travelers, with 42 percent visiting Europe and 29 percent visiting America in the past 12 months.

“The CITM reveals that the United States is one of the top five countries Chinese travelers visit the most,” said Josh Belkin, vice president and GM of the brand. “With tens of thousands of places to stay across the U.S., like distinctive boutiques, spacious vacation rentals and familiar chains, our site and mobile app have the perfect places for Chinese travelers of all ages and lifestyles.”

In 2016, there were 122 million outbound Chinese tourists – four percent more than in 2015 and a massive 74 percent more than in 2011, when the first CITM was published. China is already the largest source of international travelers for many countries – despite the fact only 10 percent of the population had passports in 2016.

“Chinese travelers in the United States tend to be more affluent than those who choose other destinations”, said Pierre Gervois, CEO of China Elite Focus Magazines LLC and Founder of the STC magazine, a luxury travel digital publication in Chinese Mandarin. “Real Estate investment in the United States is now the #1 real reason – and rarely stated in surveys – for affluent and wealthy Chinese outbound travelers, as they have acquired for $100 billion in U.S. Real Estate in 2016”

Source: CITM,, STC magazine


Inversiones de China en EE.UU.: el sueño americano ya no pertenece a sus propios ciudadanos

Pierre Gervois - Chinese investments in USAEn los últimos años las inversiones chinas en la economía estadounidense han aumentado considerablemente, sobre todo en el área inmobiliaria. Mientras Washington apoya la llegada de capitales e incluso otorga un mayor número de visados a los inversores chinos, sus propios ciudadanos sufren las consecuencias de un mercado que comienza a inflar los precios.

El 40% de los estadounidenses ven a China como una amenaza económica para su país, según una encuesta publicada por la empresa Gallup. Sin embargo, muchos opinan que la situación es exactamente la contraria y que sus inversiones facilitan la recuperación y la creación de empleo.

A ese respecto el especialista en mercado chino Pierre Gervois ha dicho a RT que China “es una gran fuente de financiación para la economía estadounidense”. “Los hombres de negocios de este país asiático crearán puestos de trabajo así que en los Estados Unidos tienen mucho que ganar con la inversión”, ha asegurado.

Uno de los puntos importantes en este acercamiento ha sido simplificar los trámites para la obtención de visados turísticos. “Por eso hace algunos meses el presiente Barack Obama decidió que las visas de turistas sean válidas por 10 años con entradas múltiples. Dicha medida ha cambiado todo, es mucho más fácil viajar a los Estados Unidos que a países de Europa occidental”, dijo el experto.

Precisamente en el año 2015, los ciudadanos chinos sumaron el 80% de las solicitudes de visado de inversión, un permiso por el que se comprometen a invertir la nada despreciable cifra de medio millón de dólares. Una vez en el país, los inversores chinos se decantan, en su mayoría, por el sector inmobiliario.

La agente inmobiliaria de Los Ángeles Jessica Heung vincula este comportamiento con el hecho de que “es más económico comprar una casa en EE.UU. que en China, especialmente porque el mercado se desinfló en 2010″. Además dijo que “los inversionistas chinos compran al 50% tanto para vivir en las propiedades como para invertir en ellas”.

Según los datos de la Agencia Nacional de Inmobiliarias, entre los años de 2013-2014 los ciudadanos chinos invirtieron alrededor de 22.000 millones de dólares en el sector inmobiliario del país norteamericano.

Sin embargo, en el afán de atraer las inversiones a nivel macroeconómico, las autoridades de EE.UU. se han olvidado de sus propios ciudadanos. Con el consiguiente incremento de los precios, los bolsillos de la mayoría de los estadounidenses pierden la batalla contra el poderío financiero del comprador chino.

“Definitivamente es ahora más difícil comprar para alguien que ya viva aquí. Las hipotecas son muy caras. Para los ciudadanos estadounidenses es muy difícil competir con los inversores que vienen desde China”, confirmó Jessica Heung.

De esa manera, lo que unos ven como una fuente de dinero fácil que llega desde China, para otros puede suponer que sus metas sean inalcanzables. Parece que el sueño americano ya no está diseñado para sus propios ciudadanos.

Wealthy Chinese buy their dream houses in Silicon Valley

Wealthy Chinese Businessman- Shanghai Travelers ClubSilicon Valley is booming, and the Chinese are starting to cash in on the region’s housing craze.
With tech stocks surging and IPOs sprouting up left and right, the area is in the midst of a real estate bonanza that’s attracting a wave of buyers from China.
The average price of a home in Silicon Valley has surged more than 27 percent over the past two years, according to home purchase data from Santa Clara County.
Technology executives, budding entrepreneurs and venture capitalists are putting their money to work in the Silicon Valley real estate market, and they are finding new competitors from around the world, especially from China.
Ken DeLeon—named by The Wall Street Journal as the country’s most successful real estate agent—said he has done close to $300 million in sales this year and that the market has never been hotter.
DeLeon said that in the past year he has sold more than 20 luxury residences in the Palo Alto area to buyers from mainland China, Taiwan and Hong Kong. Most of those buyers are looking for houses in the $2 million-plus range, he said.
Business is so brisk that the agent recently bought a Mercedes bus to shuttle his Chinese customers around the valley.
Advertisement Tower - Gervois Hotel Rating May 2017 featuring Pierre GervoisThey are serious buyers, he said, adding that several have bought modest houses on a decent-sized lot, then undertaken ambitious renovations. Some tear down the house, dig a deeper basement and add several floors.
“The Chinese know there is good appreciation potential in this market, and buying here provides diversification for their real estate holdings,” said DeLeon, the president of DeLeon Realty.
The trend goes beyond Silicon Valley. The National Association of Realtors recently said the Chinese are now the second-largest group of international homebuyers in the U.S., behind Canadians. The same study said the Chinese are particularly interested in Northern California.
Real estate agents and builders said Chinese demand is just another reason housing prices continue to rise in Silicon Valley.
Fred Lam of Alain Pinel Realtors in Palo Alto said his Chinese clients want brand-new, furnished houses made with high-quality building materials. Lam has done close to $40 million in sales over the past year and said he’s seen a definite increase in the number of Chinese buyers in Silicon Valley.
General contractors and builders also have benefited from the influx. One Silicon Valley builder, who asked not to be identified, said Chinese buyers typically want big media rooms, marble moldings and high-end finishes.
Real estate professionals said Chinese families are drawn by a better way of life, with the biggest selling points including the weather, excellent local schools and much less smog than in Beijing.

Source: CNBC’s Mark Berniker and Josh Lipton.