A combination of skyrocketing real estate prices in China and a slowdown in that country's economy has led wealthy Chinese to look overseas for dependable investments.
The solid economy in the Metroplex, combined with a stable and growing real estate market, has made the Dallas-Fort Region a strong attraction for wealthy Chinese investors.
"Dallas is at the forefront of a renewed interest in land of all types—commercial, investment, residential, ranch and more. In fact, we’re already seeing a resetting of prices due to the rising demand for lots and parcels of all sizes," said Robbie Briggs, CEO of Briggs Freeman Sotheby's International Realty. "Recently one of our agents to the west had a developer come in and buy up every remaining lot in a residential project, closing out the entire inventory in one transaction. We see that as a great indicator of the confidence developers have in the increasing value of Texas land." Read more