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International interest in U.S. homeownership increases
July 14, 2010 by justin · Leave a Comment
International investors are increasing their property ownership in the United States once again. A recent Survey carried out dated from April 1st 2009 to March 31st 2010 reveals that International Investors purchased $66 Billion worth of property across the USA. The National Association of Realtors President Vicki Cox Golder states that the recent change in the value of the U.S. Dollar and the perceived upturn in the economy there are a few of the many factors that has helped to attract investors. Also the cooperation of the local Realtor network and Broker such as ours are considered to assist Investors with their knowledge of the market and property trends etc.
The number of States in the U.S. attracting overseas investors now stands at 39, however the top four States right now that the survey indicates are Florida, California, Arizona and Texas.
The survey also reveals the highest number of Investors come from Canada, U.K. Mexico and China/Hong Kong. However there is a wide number of European and Asian investors now beginning to investigate the U.S. Real estate potential.
Golder States the two main factors for investors are proximity to their home country and Air transport linkage, where there is a good regular Air transport service. The survey also throws up that the median price of the house purchase for investors from overseas as $219,400.
