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17 January 2021

Foreign Investors Are Buying U.S. Real Estate

There are foreign investors who think that the “grass is greener in the USA” and they are buying a lot of real estate. Foreign investors who are buying up the “American Dream” hail from North and South America ( Canada , Mexico , Columbia ) and Asia ( China and India ) and other places around the globe.



In 2011, the states they viewed as having prime real estate are Arizona, Hawaii, Michigan, Nevada, Florida, and California. Florida was the top state. Yeah! Beat out California and Hawaii?? Yes well ... probably because Florida has no state tax. Also, by comparison, life on the West coast is way more expensive. Top 10 US Cities Foreign Investors Were Targeting in 2011.

As of March 2017, Bellingham, WA; Kahulul, HI; Los Angeles, CA; Miami, FL; and New York, NY, were the Top 5 US Cities Foreign Investors Were Targeting.

Of course, the COVID-19 pandemic did have an impact on this investing trend.

Foreign buying of American real estate plunged before the coronavirus pandemic — and experts say it’s only going to get worse – MarketWatch


Whew! Quite frankly, as an American, I'm happy about this prediction.


Have you ever considered investing in US real estate?

If that prediction did not dissuade or discourage you, then this link should interest you.

20 Best Places To Invest In Real Estate In 2021


HAPPY INVESTING!


* * *  Original Source


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