Visa shift to spur US home purchases
By William Hennelly in New York | China Daily | Updated: 2014-12-02 07:46
Chinese have another incentive to buy US real estate beyond prestigious addresses - the new 10-year visas for business, travel and tourism and five-year visas for study.
Premium real estate in the United States has been snapped up by Chinese for some time.
The Waldorf-Astoria hotel in New York was bought by a Chinese insurance company for $1.95 billion in October, and there have been regular purchases of high-end properties in major cities including New York and Los Angeles.
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