On chinadaily.com.cn

Visit for breaking news and exclusive content

Business: Speaking Mandarin attracts Chinese homebuyers in US

Speaking Mandarin is an important skill for real estate agents in the United States as Chinese buyers have intensified their interest in the property market. An analysis of housing sales in the US shows that 46 percent of Mandarin Chinese-speaking buyers who purchased homes in the 17 months ending in May 2015 paid cash, according to RealtyTrac. Mandarin speakers were the second largest non-English speaking, cash-paying group, totaling nearly 18 percent of all cash deals, according to analysis. They were second behind Spanish-speaking buyers, who were at 43 percent. According to data by CoreLogic DataQuick, a real estate information services provider, the average price of homes in the US has been rising for 39 consecutive months as of July. Chinese buyers spent $22 billion on US housing in the 12 months through March 2014.