US Property News

Obama support for real estate market with Chinese visa changes

by Mark Benson on November 15, 2014

Obama support for real estate market with Chinese visa changes

Obama support for real estate market with Chinese visa changes

The US authorities have this week announced plans to revise the visa system for Chinese students moving to the country. Previously Chinese students studying in America were forced to renew their visa annually which stopped many of them from making long-term plans for their future in the US. However, President Obama has announced that the previous annual renewal of student visas will be replaced by a five-year visa.

It was also announced that tourist and business visas have been extended to 10 years which again gives Chinese visitors the opportunity to plan further ahead and ultimately invest more in the US real estate market. [click to continue…]

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