Canadians and Chinese are the main foreign purchasers of U.S. real estate

15.12.2012 00:30
Articles about real estate | Canadians and Chinese are the main foreign purchasers of U.S. real estate Foreigners actively help to recover the real estate market of the United States. From April 2011 to March 2012 their investments in the U.S. housing amounted to almost 9% of the total sales volume.
According to the National Association of Realtors (NAR), for the year to March 2011, foreign buyers spent on housing in us $of 82.5 billion. - 8.9% from $928 billion. the proceeds of the real estate market of the country for this period. These indicators by 24% higher than a year earlier ($66,4 billion), tells the World Property Channel.

With more than 50% of the deals over the last year accounted for five of the States: Florida, California, Texas, Arizona and new York. The Canadians, who are the main foreign buyers of American housing also bought real estate in the Midwest, including, in Chicago.

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Canadians today prefer to invest in U.S. real estate, using a collapse of prices and record low interest rates on mortgage loans. Frequent cases of buying housing in old age". The share of buyers from Canada on March 2012 accounted for 24% of all transactions with foreigners.

On the second place are the citizens of China, including Hong Kong, they perform 11% of the deals. The Chinese are buying elite real estate from California to new York and prefer to pay in cash. Experts believe that the real estate in the us for this category of buyers relatively inexpensive, because in Shanghai for $2 million, you can buy only a small two-room apartment.

Russian billionaires are loud buy in the United States, often being ready to pay much more перекупая mansions, as it has recently done daughter Dmitri Рыболовлева, acquired an apartment in new York for $88 million.
Content tags: Overseas property
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