On top of its great beaches and natural beauty, Florida’s clean environment and superb air quality is undoubtedly a draw for Chinese, who are increasingly becoming more health-conscious, especially among those with retirement planning in mind. 8īeing surrounded on three sides by water also mean stunning water views for rich Chinese, many who have shown a marked preference for waterfront property, be it in front of a beach, river or lake.Īnd if natural beauty isn’t enough to persuade potential investors, Florida has Presidential approval too, with Donald Trump’s regularly playing golf at his opulent Mar A Lago resort 9 located in Palm Beach. Just its beaches alone are enough to tempt one to consider moving to Florida, which is home to an array of beaches ranging from Clearwater Beach – voted as the best beach in the US by Trip Advisor 7 – to Miami’s South Beach, one of the world’s top ten beach cities as ranked by National Geographic. Who can say no to sun, sea, sand, golf, AND theme parks? Not the Chinese, who are beginning to discover and covet the exciting lifestyle offered in Florida, especially when it’s combined with a world-class metropolis, strong economic output, and stellar universities. Not only does investment fundamentals look good in Florida, but its outstanding lifestyle highly appeals to Chinese buyers as well.ĥ4.5% of Chinese buyers on are keen to invest in Florida for own use, compared to 26.5% who buy for investment purposes. #2 Lifestyle allure of sun, sea, and sand It’s for this reason, as well as Florida’s value proposition, that overseas investors put $6.1 billion of investment into Miami-area real estate, accounting for 36% of total investment in the market, compared with less than 10% of overall investment in the outside US market. Roofstock, a US-based real estate website, lists Miami as having average yields of 11.2% per year, exceeding the national average of 9.2% in the United States. This is especially true as many Chinese homebuyers heavily focus on return on investments (ROI) when deciding where to invest abroad, and top cities in Florida, such as Miami, has some of the best yields in the US. that are a fraction of the price of properties in other global investment hotspots, such as Hong Kong, London, and New York 4, Florida hotspots, like Fort Lauderdale and Miami Beach, are highly attractive options for Chinese real estate buyers in pure value terms. With respective going rates of $4,413 and $8,181 per sq.m. #1 Relatively low prices + strong returnsįlorida offers relatively affordable prices, as well as good prospects of earning yields and capital gain, which makes Florida doubly enticing for Chinese.Īfter all, Florida is home to seven of the top 20 real estate investment hotspots in the US 3 – ranked in terms of jobs, population growth, and home price growth prospects – and that makes Florida one of the best places to buy property in the US. What lies behind this upsurge of Chinese interest in Florida? We shed light on 4 factors drawing Chinese buyers to the Sunshine State below. So, while Chinese may have only accounted for 3% of foreign real estate buyers in Florida last year 2, that may change soon in 2017.Ĥ elements behind Florida’s appeal to Chinese 1Īs the Chinese love for the US continued its winning streak last year, Chinese property buyer enquiries for Florida on a whole grew 63% y-o-y on in 2016, on top of a 92% and 488% y-o-y increase in 20, respectively. And for more information on our company, visit enquiries grew 894% and 199% for Fort Lauderdale and Orlando, respectively, on last year. When in doubt, stick to the brands you know and trust. That means one manufacturer’s WPC will most likely be vastly different than another manufacturer’s offering. One thing to add is that WPC is still so new that it doesn’t have a uniform product standard yet. Because LVT is one of the most popular flooring options available on the market today, pitching WPC as a luxury vinyl product until more people are familiar with WPC makes sense. WPC is often marketed as an enhanced LVT product. When talking about LVT, things get a little more complicated. This means it can go places that laminate should not-typically in spaces such as bathrooms, kitchens and areas below ground level. One distinct advantage WPC has over laminate flooring is that WPC is 100% waterproof. Backing Layer: Acting as the floor’s backbone, this layer provides planks with added sound insulation, as well as being naturally resistant to mold and mildew.
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