Realogics Sotheby’s International Realty offers insight into influx of visitors to Seattle during Golden Week celebration
As a recent article published by China Daily confirms, Lunar New Year has become a popular time for Chinese mainlanders to take advantage of their extended holiday and visit the United States for both recreation and house hunting. Citing a recent Juwai survey outlining travel patterns, the article says that 92-percent of respondents indicated they planned to travel in 2018, with the United States ranking first on the list of destinations. What’s more, is nearly half of those surveyed said they may view properties while on holiday for Lunar New Year during Golden Week.
Dean Jones, President & CEO of Realogics Sotheby’s International Realty tells China Daily that “Chinese buyers are important, influential and growing consumers of local real estate in the Seattle metro area, especially in key Eastside markets, where international homebuying has been expanding in recent years.” He also outlines trends in new, presale condominium developments within downtown Seattle, such as the forthcoming NEXUS condominium tower, which is 90-percent presold with occupancy scheduled for fall 2019.
“Individuals and institutions are making significant investments in this market to enhance financial diversification and find safe harbor for their investments overseas,” Jones added.
He also points to the firm’s Asia Services Group, a team of independent brokers fluent in foreign languages, customs, and the logistics necessary to expertly guide international homebuyers. As China Daily notes, the firm is preparing for travelers in a number of ways, most recently by hosting a town hall meeting to review best practices and optimize their custom portal within the WeChat platform.
Learn more about the Asia Services Group and upcoming RSIR events here.