Chinese property platform Juwai.com has stepped up its presence in the US market with the appointment of Matthew Moore as its first ‘President of the Americas’.
Inman.com reports the venture capitalist and former Move Inc.senior executive will head the North American team responsible for sales, marketing and industry relations.
Based in Los Angeles, Moore’s aim will be to create strategic partnerships with national brands, regional and local brokers, developers, Multi Listing Services (MLS) and associations.
According to Inman, Juwai.com CEO Charles Pittar says China is the number 1 investor in US property markets today with its level of investment continuing to increase over the next decade.
“Matthew’s role is to help real estate professionals make the most of this growing opportunity,” Pittar tells Inman.
Juwai.com also recently announced several new and renewed partnerships with top US brands and brokerages, including Berkshire Hathaway HomeServices California Properties, California Desert MLS, Luxury Portfolio International, Windermere Real Estate and Pacific Union.
In its report, Inman notes Chinese investors purchased $28.6 billion of US real estate last year- one-third of all international sales, according to the National Association of Realtors.