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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 Real Estate market saved by the Latin Americans !

20TRDSF11122We already talked about how influent are the Latin Americans investors in the Miami real estate market. Let me remind you that they represent 35% of the buyers in Florida. We can say without doubt that they succeed to keep the market alive and to absorb the inventory.

Let’s try to understand where their powerful buying power is coming from. The first explanation is that their strong currency pushes them to invest abroad. In addition, the Floridian market is still less expensive than European or Latin American markets. In these regions good areas are in excessive demand meaning that the prices are increasing. That’s how, in 2011, the price per sqft for a waterfront property in Brazil was reaching $2-3 K when in Miami, in the Murano Grande for example, it was only $1K/sqft. Read the rest of this entry »

 
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Posted by on November 30, 2012 in News

 

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