Categorized | International

International Investors Taking Serious Interest in U.S. Real Estate

Please Share!

While most United States citizens are shying away from buying a home due to the troubled economy, many foreign homebuyers are considering now as the perfect time to buy property in the United States real estate market. As prices continue to fall, particularly in prime cities and warm areas alongside the ocean, international buyers, from such countries as Brazil, Canada, Russia, and China, are buying properties at astounding rates.

Home values in the United States have fallen over thirty percent in the last four years, and some analysts believe that they will fall even more before the real estate market finally hits rock bottom. Part of the reason as to why prices have dropped so dramatically is the number of foreclosures that continue to hit the market.

Not all international investors are buying homes in the United States with the intentions of living in them. Rather, they are seeing these properties as excellent rental investments. Many current homeowners are leaving their houses in favor of renting, which is making the rental market more and more lucrative.

Because the dollar is still strong, and market values are depressed, many Canadians are intrigued by the United States housing market. In fact, recent surveys have shown that as much as twenty percent of Canadians are considering buying property in the United States. Many of those that said they were interested prefer southern states like Florida. That should come as no surprise, however, as the majority of those buying property in Miami are foreign investors from Canada, Italy, Russia, and Dubai.

Please Share!

About Nancy Raven

Nancy is the main writer for the International section of the website. Sometimes she also helps Drew out on the Finance/Mortgage section as well.

Leave a Reply

Twitter Chat