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Why are Foreigners disregarding the U.S. real estate?

Why are Foreigners disregarding the U.S. real estate?

Foreign buyers in the U.S. have dropped by half in 2019 compared to the previous two years. Only in 2019 compared to 2018 there was a decrease of -36% in residential real estate, foreigners only spent $78 billion in 2019 compared to $121 billion in 2018.

Fewer foreigners buying residential homes in the US has pushed a decrease in listing prices. With lots of inventory and no buyers to fill them up, the market has switched from a seller to a buyer’s market. It is shocking the magnitudes of the drop as we have reached the lowest level of foreign residential investment since 2013.

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Posted by on August 9, 2019 in News

 

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Miami ranked nᵒ3 worldwide!

Since 2007, the Prime International Residential Index (PIRI) highlights the annual price changes in luxury real estate all around the world. By now, we all know that the market here is getting hotter…  However, it is always comforting to get some numbers in front of us. In the 2011 the PIRI, which lists 71 locations worldwide, reports Miami as the third biggest increase in the values of luxury properties. Read the rest of this entry »

 
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Posted by on April 24, 2012 in News

 

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Brazilian visitors spent more than 1 billion dollars in Miami

Since Brazil’s economy and currency are getting stronger, a large number of Brazilians are coming to the USA for pleasure but also to invest in real estate, and particularly in Miami real estate market. According to the Greater Miami Convention & Visitors Bureau, they spent $1.1 billion in 2010 which is 15% more than in 2009. Brazilians represented 6% of the total Miami-Dade tourist expenditures.

In terms of volume of visitors, it is expected that Brazilians overtake Canada for the first place next year.

 
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Posted by on April 21, 2011 in News

 

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