Real Estate Business Times

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Archive for May, 2008

May
21

Real Estate in US: Foreign Buyers

Posted under General

Even as major league investors from all over the world turn their eye on the third world countries of Asia, the US real estate market is going strong and attracting a throng of foreign buyers. The falling home prices and the plummeting dollar are attracting a number of foreigners interested in buying some property in the US.

With the US dollar falling, investors from some countries enjoy discounts of up to 30% from the deals they would have had otherwise. With majority of the buyers being based in Europe, real estate companies are wooing prospective clients by offering other benefits apart from just good deals! With the strength of the euro against the dollar, investors are getting deals which they just can’t say no to. Large scale investors could easily enjoy profits of a few million dollars in the next few years as the market trends improve.