According to the recently released Wealth Report, since the financial crisis in 2009, the US economy has quickly recovered, prospered and the US real estate market has grown strongly so far. Consequently, investment in US real estate has skyrocketed.
The monthly report of the American Association of Real Estate Brokers (NAR) shows that US home sales in 2016 increased rapidly at the fastest pace in nearly 10 years. Within a year, foreigners spent US $ 153 billion to buy 284,455 real estate in the US Predicting, housing trading in the United States will continue to be more exciting and thrive. This is the time if you have money to invest in US real estate.
The dollar is strong and safe for foreign investors
For many investors around the world, choosing America as the place to own real estate is a trend, a move to disperse investment to avoid risks and US real estate is like a “safety shield”. to preserve their capital against the devaluation of the money. Specifically, the US dollar (USD) continues to appreciate, compared to currencies of developed countries like Australia or Canada and even the currencies of many emerging markets. This makes the value of American real estate increasing remarkably.
More and more rich people in different countries want to live in America
International buyers have always considered the United States a desirable place to live and invest to make a profit for the future in order to preserve their assets in the face of political and economic instability. Owning real estate in the US is a step closer to immigration, giving your children peace of mind to study at the top colleges and universities.
As a result, we see a continuous flow of money into the US. And instead of choosing to invest gold in banks like before, these billionaires chose to invest in real estate. As a result, real estate prices in developed and developing areas of the US are being pushed up and will continue to rise in the near future.
The global expansion of foreign investment institutions supports US real estate growth.
Traditionally, the US government dominated financial services with the top investment, insurance and property managers residing here. That picture has changed. Investment funds managed by foreign governments, insurance companies, investment banks and pension funds from China, the Middle East, and Latin America hold trillions of dollars in banks. America. These investors are seeking to invest in the US economy in their favor. One of them is investing in real estate. Not just skyscrapers, most American real estate is in the sights of foreign investment funds. Estimated total foreign investment in the US real estate market in 2017 is 60 billion USD, and this is likely only the tip of the iceberg. As a result, the US real estate market looks vibrant and has the highest growth rate since 2009.
The support and policies of the US government promote American Real Estate growth
The important factors driving the growth in US housing purchase rates are also favorable policies and conditions for foreign investors who are interested in the housing market. The United States is one of a few countries where real estate buyers have complete ownership of the real estate, not the 100-year land use rights that some other countries have. The US gives anyone in the world the right to buy and own a home with prices, benefits, and rules almost equal to that of a native. While some countries have enacted laws limiting foreigners from buying real estate, such as Australia only allows foreigners to buy new homes and have to pass through complex permits, and a few Canadian cities, people foreign countries pay an additional 15% tax …
Recently, US financial magazine CNN Money also emphasized that there are many good signals for international buyers to seize the opportunity and buy houses in the US. First, housing prices in the US are fairly stable, even the hottest markets are San Francisco, Boston and New York. Secondly, the number of new houses in the market is being built more, home buyers will have more choices. Thirdly, the price of renting houses in the US increases every year and the buying and selling of houses is still easier and more convenient. The victory of New President Trump, a real estate billionaire is creating a new spirit for the US real estate market, for businesses building, renovating houses, providing real estate services … There are great opportunities throughout the year and beyond.