As yet another acknowledgement that Seattle has joined the league of global cities attracting Asian investment, immigration and homeownership, Palace Magazine recently published a special report on American cities that included the Emerald City with significant contributions by Realogics Sotheby’s International Realty. The article also covered trends in typical markets including Boston, Las Vegas, Miami, New York and San Francisco.
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On August 29th, King 5 News reporter Ted Land interviewed Dean Jones, President & CEO of Realogics Sotheby’s International Realty, to get his views on the Chinese stock market correction and whether that signals the end of overseas investment in the Seattle/Bellevue metro area.
The popular West Coast cities of San Francisco, Los Angeles and Vancouver have long been the most direct routes to New World prosperity for Asian immigrants and their families. Now that generations of Chinese buyers have transitioned to life in North America, their experience and trend spotting is bringing to bear more practical considerations of economic fundamentals, financial and educational opportunities, and overall quality of life. So it’s no surprise that relative affordability, propensity for capital appreciation and even a recently imposed 15-percent foreign homebuyer tax in Vancouver, are boosting interest in alternative markets like Seattle—the next international gateway city on the rise.
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On September 22nd, Dean Jones, President & CEO of Realogics Sotheby’s International Realty (RSIR) attended a reception and dinner in honor of his Excellency, Xi Jinping, President of the People’s Republic of China, which took stage at The Westin Hotel in downtown Seattle. Jones was a guest of the Washington State China Relations Council, where he is a committee member for both inbound investments and real estate.
