Chinese buyers set to boost US property spend, says Feltrim Group

Chinese investors are the number one buyers of US real estate by volume and spend, according to the National Association of Realtors.

Chinese buyers spent $28.6billion on US residential property up until March 2015, more than any other overseas nation, according to the Profile of International Home Buying Activity. With 16% of volume, they overtook Canadians in topping the sales total, the survey shows.

A recent study from the Asia Society and Rosen Consulting Group, suggested that Chinese investors were set to embark on a big US shopping spree for real estate, CNBC reported (http://www.cnbc.com/2016/05/17/chinese-investors-may-be-going-on-a-big-us-shopping-spree.html).

Leading Central Florida real estate agent and developer, Feltrim Group, reiterates the findings, with around half its foreign property sales coming from the Chinese.

That includes current sales of Feltrim’s newest development, the luxury lakeside project, Balmoral at Waters Edge, around 20-minutes South of WaltDisneyWorld, Orlando.

Company Chief Executive Officer, Garrett Kenny, is currently in China attending the 2016 AREAA China North America Real Estate Summit real estate summit in Xi’an, Chengdu, Changzhu.

The event, held from 15-25 June is jointly hosted by the Asian Real Estate Association of America (AREAA) and China Real Estate Association (CREA). The trip features so-called 'second tier cities', although such cities in China are in most cases bigger than those in Europe.

Garrett Kenny says, “The summit is important as it provides the opportunity to meet with business leaders and government officials about how to expand economic opportunities in these regions and, of course, how to maximise real estate investment in the United States.

“Chengdu, around two hours from Singapore is a dynamic city two hours outside Shanghai that is the innovation center for green building developments and fits in perfectly with the conference theme highlighting the cities that are reshaping the Chinese economy and creating significant new wealth and business opportunities for real estate professionals.

“We have seen strong interest here by Chinese property buyers in Feltrim’s Central Florida investment opportunities for those looking for capital growth, buy-to-let rental options and holiday homes at Balmoral at Waters Edge, to take advantage of Orlando’s rapidly growing tourism industry.”

Balmoral at Waters Edge is a resort-style development that features a host of top-class leisure facilities, including a pool with luxury clubhouse, waterpark, lakeside beach, gym and spa, gourmet kitchen, restaurant and more.

The beautiful garden-themed community includes luxury three to five-bedroomed houses within a 113-acre private gated community featuring natural and man-made lakes and impeccably landscaped gardens and park.

Feltrim Group began almost 20 years ago with CEO Garrett Kenny's vision of operating a world class, internationally connected real estate firm.

The group is headquartered in the heart of Florida in the city of Davenport and now brings together construction, real estate, management and immigration services for international and local buyers as well as investors.

Feltrim Group constantly strives to embrace new technologies, social media and traditional and non-traditional advertising platforms. Feltrim has evolved with the times and now has a multinational approach to Florida real estate and US-wide immigration services.

For more details, see www.feltrimgroup.com

Feltrim Group
116 Polo Park East Blvd
Davenport, FL 33897

This release was published on openPR.