Real estate as an investment or as residential or commercial property is always seen as a profitable business. According to a research done recently by various market researchers, China, India and Mexico are one of the top U.S. real estate property investors. American real estate market is currently blooming and the bubble is not expected to burst anytime soon. A foreign can purchase and invest in real estate in the United States of America which is supported by mortgage finance and bank loan lenders. The purpose behind purchasing real estate properties can include children studying abroad, for primary residence or long term investment.
REASON BEHIND THE INCREASING INVESTMENT FROM FOREIGNERS
Two main reasons are cited for this scenario, being economic uncertainty and the other being political uncertainty. However middle class to wealthy people look at USA as a means to reap higher profits via real estate investment. Foreign buyers have purchased residential properties worth well over $200 billion as of 2018 in the U.S. which is around 50% high ratio from the figure from the previous year. Strengthening U.S. dollar in relation with other currencies of the world as well as steady increase in the home price growth has made buying residential property in many areas as foreigners have acted on believed that it is safe to invest and stay in U.S. adding this is the factor that the stronger the dollar gets the weaker their local currency will go against it, so despite that making it more expensive to purchase a residential property in U.S., there is acceleration in foreign real estate buyers.
TOP CHOICES IN THE U.S. FOR REAL ESTATE INVESTMENT
Around 1/4th of the Chinese buyers purchased residential properties in California while for people for India; the choice does not matter as their destination is based on the location of their job which determines their decision on where to buy a house in the U.S. Other popular places for real estate in America are namely New Jersey, Massachusetts, Kentucky and Texas. This is as per the report of International activity in U.S. residential real estate profile which was released recently by the National Association of Realtors (NAR). The bulk amount of foreign real estate buyers seemed to be working in the states and thus as a result they purchased a residential property for themselves.
Our agents can advise you for the best options for your investments aboard in real estate as per your budget and goals.