MIAMI—The market doesn't sleep over Christmas and numbers don't lie. Those are two good reasons to capitalize on the Chinese demand for residential and commercial real estate before 2017, according to Josh Cunningham, vice president of sales in Americas at Investorist, a a B2B pre-construction sales platform that promotes and distributes investment properties to buyers around the globe.
If those were the only two reasons, that would be enough for many. But Cunningham has two more reasons: you can capitalize on an earlier Chinese New Year and, oddly enough, because it's the Year of the Rooster.
“Do you have time to wait?” Cunningham asks. “Short answer: no. This year marks the earliest Chinese New Year over the past five years happening January 28th, 2017. So, the earlier you engage, the higher your chances are at closing a deal.”
For the Chinese, he tells GlobeSt.com, the New Year is the most important annually recurring festival for people of Chinese ancestry all over the world. Indeed, it's been celebrated for 1,000 years—possibly much longer—and the traditions involved are deeply ingrained in Chinese culture.
“For many, it's also a religious holiday, full of prayers, offerings and other acts of devotion and proclamations,” Cunningham says. “Real estate purchases are also top of mind for many people seeking new homes, fresh starts or sound investments. It's also known as Golden Week for property professionals, given the number of real estate purchases made around this time.”
What's more, he says, the months leading up to the Chinese holidays are usually an extremely busy time for Chinese buyers and brokers, trying to educate and sell before the break. However, he notes, after the holidays usually comes chaos from the buying side and all projects are vying for a piece of that action.
2017 marks the year of the Rooster in China. Cunningham's research reveals the rooster is said to be the most motivated animal in the Chinese zodiac as they look to make advancements within their life—both personal and professional.
“Historically, the rooster is also the epitome of loyalty and punctuality,” Cunningham says. “For ancestors who had no alarm clocks, the crowing was significant, as it could awaken people to get up and start to work—symbolic of developers who may need a jump start in launching their project and generating success with Asian buyers.”
What's driving Chinese buyers to Miami? Check out one opinion.
MIAMI—The market doesn't sleep over Christmas and numbers don't lie. Those are two good reasons to capitalize on the Chinese demand for residential and commercial real estate before 2017, according to Josh Cunningham, vice president of sales in Americas at Investorist, a a B2B pre-construction sales platform that promotes and distributes investment properties to buyers around the globe.
If those were the only two reasons, that would be enough for many. But Cunningham has two more reasons: you can capitalize on an earlier Chinese New Year and, oddly enough, because it's the Year of the Rooster.
“Do you have time to wait?” Cunningham asks. “Short answer: no. This year marks the earliest Chinese New Year over the past five years happening January 28th, 2017. So, the earlier you engage, the higher your chances are at closing a deal.”
For the Chinese, he tells GlobeSt.com, the New Year is the most important annually recurring festival for people of Chinese ancestry all over the world. Indeed, it's been celebrated for 1,000 years—possibly much longer—and the traditions involved are deeply ingrained in Chinese culture.
“For many, it's also a religious holiday, full of prayers, offerings and other acts of devotion and proclamations,” Cunningham says. “Real estate purchases are also top of mind for many people seeking new homes, fresh starts or sound investments. It's also known as Golden Week for property professionals, given the number of real estate purchases made around this time.”
What's more, he says, the months leading up to the Chinese holidays are usually an extremely busy time for Chinese buyers and brokers, trying to educate and sell before the break. However, he notes, after the holidays usually comes chaos from the buying side and all projects are vying for a piece of that action.
2017 marks the year of the Rooster in China. Cunningham's research reveals the rooster is said to be the most motivated animal in the Chinese zodiac as they look to make advancements within their life—both personal and professional.
“Historically, the rooster is also the epitome of loyalty and punctuality,” Cunningham says. “For ancestors who had no alarm clocks, the crowing was significant, as it could awaken people to get up and start to work—symbolic of developers who may need a jump start in launching their project and generating success with Asian buyers.”
What's driving Chinese buyers to Miami? Check out one opinion.
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