What’s Driving Chinese Investors to Miami?
ByDoes your network include Greater Orlando? Check out GlobeSt.com’s newest dedicated Orlando page. Plus, sign up for our weekly Orlando digest, update your profile and get the week’s top features emailed to your inbox.
“When their economies are strong, they are focused on making money in their countries.”
MIAMI—Chinese investors have traditionally been attracted to US cities like New York and Los Angeles for investment. But that’s changing, or at least becoming more inclusive.
Indeed, Miami has become increasingly attractive to Chinese investors. Here’s the big question: What are some of the factors driving this trend and how does the country’s faltering stock market
will impact this activity? GlobeSt.com asked Alan Lips, a partner at Gerson Preston Robinson, for some thoughts on the topic.
“Chinese investors who are buying US real estate are doing it with a very long-term view with the goal of creating stability and a safe haven to put their money to work,” Lips tells GlobeSt.com. “While the Chinese have typically gravitated towards cities like Los Angeles and New York, they are beginning to see Miami as a better value.”…
