SoFla firms are expecting and preparing for an increase in Chinese real estate buyers
In an effort to reel in investors from China, South Florida developers and brokerage firms are recruiting real estate professionals who are fluent in Mandarin and are of Chinese descent. At the same time, Chinese-owned real estate companies are establishing offices in Miami to capture a share of the Asian buyers market. Anthony Kang, a partner in the Miami office of Arnstein & Lehr who often handles closings for Chinese nationals purchasing properties as investment or for their children attending the University of Miami or other local colleges, said buyers from China have traditionally gravitated toward New York City or California, but are now showing greater interest in the South Florida real estate market.
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