The D.C. real estate market is heating up again thanks to the arrival of foreign investors who are eager to snatch up properties in the area. They are mostly Europeans, but there is also a fair share of Chinese and Russians that compete to buy a piece of the US capital. Over the past five years the number of properties sold to foreigners has increased by 20%.
The Association of Foreign Investors in Real Estate, that is located in Washington, has just conducted a survey showing that two thirds of foreign investors plan to increase this year the amount of money invested in American properties, so good news ahead for the Washington market and a good trend that can easily expand to other areas of the nation (see the original article by News Channel 8 http://www.news8.net).
I personally believe that the new wave of commercial foreclosures will bring even more foreign capital to the US market, not only because the properties will be extremely cheap, but also because they will be mostly vacant and will offer a perfect opportunity for some foreign investing company to setup their branch offices in the US. Those who will leverage this huge trend will be able to retire for good. I really plan to be one of them.
Roberto Mazzoni
Tags: "Roberto Mazzoni", International Real Estate
Good writing. Keep up the good work. I just added your RSS feed my Google News Reader