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More rich Chinese buy U.S. property

Posted on 14 June 2012

China has emerged as one of the fastest-growing sources of international buyers for US real estate — in what some see as a sign that China’s rich are increasingly seeking to take their money out of the country.
According to a report published by the National Association of Realtors this week, buyers from China and Hong Kong made up the second-largest group of foreign buyers of homes in the US in the 12 months to March — Canadians took first place — accounting for $9bn of sales………………………………………..Full Article: Source


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