Foreigners are far less eager to purchase American real estate, and the current political climate may prevent these sales from rebounding.
Despite representing nearly a fifth of all real-estate sales to foreign buyers, Chinese demand shrank dramatically from the previous year. In 2018, Chinese buyers accounted for $30.4 billion in home sales. The country started restricting outbound investments in 2016, allowing residents to take only the equivalent of $50,000 out of the country, as a means of propping up the country’s currency. This not only made it more difficult to purchase real estate in America, but prompted some Chinese investors to sell their U.S. assets.
You know well as the Law Chinese have to go through Foreign office regulators to anything in Britain