Recently residents from China have topped the list of foreign property buyers in America. In the months of March 2013 to March 2014 Chinese buyers spent $22 billion on American real estate up from $12.8 billion in the previous year. Washington State ranked number two in sales to Chinese buyers behind California.
Washington is a very desirable place to live especially the greater Seattle area for many reasons. The Seattle area is home to many large companies including Nordstrom, Starbucks, Amazon, Microsoft, Google and much of Boeing. The scenery is beautiful and cannot be beat with the waters of the Puget Sound to the west, Lake Washington in the center and the Cascade and Olympic Mountain Ranges on both sides.
Also a benefit of living in Seattle and the Eastside are the education opportunities. Bellevue has a great public school system for grades K-12 one of the best in the state making Bellevue a very desirable place to live. Seattle is also home to one of the world’s best universities, the University of Washington, of which more than half of the 7,300 international students are from the People’s Republic of China.
There are many great homes in Seattle and the Eastside. Medina is known for its large suburban homes on the shores of Lake Washington with large lots full of lush greenery and breathtaking mountain views as well as nearby Hunts Point and Yarrow’s Point. With a beautiful home comes the opportunity to truly own your own land, a promising feature to foreign investors.
Washington is also just a direct flight into Sea-Tac International Airport from Beijing, Hong Kong and a large number of other Chinese Cities.
Perhaps the most attractive aspect of living in Washington State is the opportunity to invest hard earned money in a stronger market. The EB-5 visa allows foreign investors to attain a green card with a capital investment of $500,000 – $1 million and the promise to create 10 new permanent jobs.
In anticipation of a growing interest of foreign buyers from mainland China many homes are being built and remodeled with better feng shui.
Seattle and the eastside are phenomenal places to live and it isn’t hard to see why so many people from all over the globe seek to buy a home here. If you are interested in purchasing a property in the Seattle and Eastside Mary Pong is experienced and knowledgeable and ready to help you find a dream home. Image by Andrew E Larson Flickr