Marketing US real estate to Chinese investors living in China is a good business and big enough for Warren Buffett who just took his share. Berkshire Hathaway HomeServices controlled by Warren Buffett’s Berkshire Hathaway Inc. on Monday said it entered a marketing agreement with Juwai.com, China’s largest international property website, to attract wealthy Chinese buyers looking to purchase homes in the United States.
“The United States is a safe, attractive investment opportunity for foreigners, especially the Chinese,” said Peter Turtzo, who is spearheading Berkshire Hathaway HomeServices’ foreign push as senior vice president of international operations, commented.
Along with the Canadians the Chinese are the top real estate foreign investors buying in the United States “The Global Edge Investment group has been tracking the economic expansion of several American States, and we’re very excited about Colorado. There are more than 10 Fortune 500 and 22 Fortune 1000 companies headquartered in Colorado, with more on the way. Amazon plans to open in Colorado, which will create 1000 full time jobs. This is having a direct effect on real estate growth and demand. For example, new Fort Collins outside down town Denver homes rose 7.8% to $395,427. Colorado Universities are expanding, as is the demand for land suitable for student housing. We, as a company, along with our investors are very confident about the growth in the Greater Denver region over the next 3- 5 years.” – Benjamin Curran, Managing Director of Global Edge Investment.
Denver was named number 1 best city to live in 2016 by U.S. News & World Report. The United States, retained its position as the most popular destination for Chinese real estate investment outside the mainland.
About Global Edge Investment
Global Edge is a real estate investment and development company with over 20 years of experience. We carefully examine and analyze hundreds of land based projects each year, only selecting strategically positioned land in major North American growth corridors.
Global Edge prides itself on its portfolio of smart land investments that secure, diversify, and increase our client’s wealth. Our investors have realized excellent return on their investments because we thoroughly research and track investment cycles before presenting to our clientele.
Global Edge is committed to our investors, and operates with the highest level of transparency and efficiency.
About Berkshire Hathaway
Berkshire Hathaway Inc. is an American Mulitinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company is known for its control and leadership by Warren Buffett, who is the company’s Chairman of the Board, President, and Chief Executive Officer, and Charlie Munger, the company’s Vice-Chairman of the Board of Directors. According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the fourth largest public company in the world, and the 9th largest conglomerate by revenue.