So strong is the real estate market in Chicago that it is attracting buyers from literally around the globe.  Not only was that the subject of a recent article on this site,Chicago Real Estate Investing it has been covered by major financial publications, such as The Wall Street Journal and The Financial Times, which is published from London.

 "Asian Buyers Dig Into U.S. Properties" was the headline for a recent Wall Street Journal piece by Craig Karmin.  In Karmin's fine piece of reporting, it was detailed how buyers from across the Pacific are streaming into American real estate.  Of the purchases, billions have been going into the Chicago real estate market.

 Overall, Asians favor the US housing market for a variety of factors.  These include the stable political environment, which is also of paramount importance to any foreign investors. There is also a strong Asian community along the West Coast, and in many urban areas throughout the country.  Attending an institution of higher learning in the United States is very prestigious in China and other Asian countries. The University of Chicago was recently ranked by The London Times as one of the finest schools in the world.  From going to college or graduate school in the United States, it is a short and logical step to invest in American real estate.

The economy in the United States is also much stronger than those in many Asian nations, too.  Japan is into the 23rd year of its "Lost Decade" of economic growth.  For China, the plunge in its gross domestic product has been more than 25% in recent quarters.  The same holds true for other countries in Asia.  As a result, the real estate market in the United States is much more appealing with the American economy steadily improving.

Specifically, Chicago is one of the most alluring real estate markets in the United States.  

It was reported in another article on this site that Chicago has been ranked of on the ten most competitive cities in the world for the future by The Economist Intelligence Unit, the global research arm of The Economist, a British financial magazine.  Chicago was ranked so high due to its health care, improving government, system of education, and global transportation infrastructure.  Those factors and more naturally attract investors from Asia and other parts of the world.

Commonly known as "The Second City," Chicago is the capital of the Midwest region of the United States.  In this capacity, it attracts investment capital from those want a presence that is not in a coastal region of the United States.  Asian investors are following others into Chicago, which is why the market is enjoying both higher prices and increasing sales.  With more investment from Asian buyers, that will only continue to improve the real estate market in Chicago.