Chinese buyers increasingly keen on florida property

Chinese buyers are increasingly keen on property in Florida, according to agents.

Chinese buyers snapped up half of Feltrim’s Fountains at ChampionsGate townhouse development this summer, Group Chief Executive Officer Garrett Kenny told Easier, boosting the group's expectations for their new lakeside project, Balmoral at Water's Edge.

Indeed, the agency was promoting the property at the China Property Expo in Beijing and Kenny reports seven reservations from Chinese buyers, with Feltrim's stand described as "very busy".

"Given the concerns over the performance of their economy, the Chinese are showing a fresh urgency about investing in Central Florida real estate," he added.

"Every year that goes by, more is being invested in the US real estate market by Chinese buyers and we have had a number of investors who have been so impressed with the build quality and return on investment potential of our properties that they have bought several at once."