Chinese buyers still the driving force in California’s property market

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A home for sale for US$965,000 in Inglewood, California, on February 8. In the year to the end of March 2022, Chinese buyers paid an average of US$1 million per property, with 31 per cent buying in California and 58 per cent making an all-cash purchase, according to a recent survey. Photo: TNS

A home for sale for US$965,000 in Inglewood, California, on February 8. In the year to the end of March 2022, Chinese buyers paid an average of US$1 million per property, with 31 per cent buying in California and 58 per cent making an all-cash purchase, according to a recent survey. Photo: TNS

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