Los Angeles Condo Sales Plunge as Chinese Capital Stays at Home

Condo Towers Rise From Boston to Los Angeles in U.S. Rebound — Photographer: Patrick T. Fallon/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Olivia Rockeman

November 22, 2019 at 2:00 PM UTC

This article is for subscribers only.

The real estate market in downtown Los Angeles is taking a hit as Chinese cash dries up.

Condo sales plunged 31% in the third quarter from a year earlier, according to data from appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.