More than a hundred prospective buyers and members of the media attended a scheduled presentation by Sotheby’s International Realty affiliates during the Shanghai 2014 LPS. Representatives of Beijing, Seattle, San Francisco and San Diego addressed the audience and provided statistical information on the housing market, a showcase of properties and answered questions on from the audience.
“Prospective homebuyers from China can now invest in a second home in the US and know they can come and go for ten years without much concern or hassle,” said Dean Jones, President & CEO of RSIR. “There was an instant recognition that these buyers could make and investment and enjoy the asset at the same time without having to work through immigration. I sense this policy change is going to be a major catalyst in home sales in the US, especially within close West Coast markets like Seattle.”