Top 10 US Cities For Buying Real Estate By Foreigners – Foreign Investment In US Commercial Real Estate
The USA is not only New York, Los Angeles and Washington. Many cities in the country are already several corps ahead of the capitals of Europe. The online real estate portal expands the horizon: we will tell about 10 American cities, whose real estate market is most interesting for foreign investors.
The US real estate market has always attracted foreign investors. And apparently, interest will grow several times after Washington implements plans to simplify the purchase of housing by foreigners. Despite the criticism of experts, the first steps were taken to this.
So the government hopes to attract more buyers from China and the Middle East, repeating the success of its main rival, London. However, unlike Britain, where foreign buyers are only interested in real estate in the capital, a number of cities deserve attention in the United States.
A striking example – Boston with its luxurious 60-story skyscraper Millennium Tower. Despite the fabulous prices (from 900 thousand dollars), 90% of the apartments have already been dismantled. The lion’s share of buyers – foreigners.
So, we offer to your attention ten cities in the USA, where, according to experts of Forbes and Colliers International, foreign investors in 2016 will be the most willing to invest money.
Foreign Investment In Atlanta Real Estate
Among residents of the United States, polled by Colliers, 6% named the real estate in Atlanta their first choice, and 13% put the city on the second place in the list of goals. Considering that in 2016 94% of American respondents stated about investment plans, the market of the city is waiting for a real boom. What is not a reason for a foreigner to pay attention to the capital of Georgia?
Foreign Investment In Denver Real Estate
Real estate of the city is considered the main goal of 8% of respondents, another 11% called Denver second in priority. 68% of investors are optimistic: they expect from housing in Colorado profits of 11-20%.
Foreign Investment In Seattle Real Estate
10% of respondents put the real estate of the city their main goal in 2016, and 13% called the city a reserve option. Developed infrastructure and headquarters of several large international companies create Seattle additional advertising among foreigners.
Foreign Investment In Dallas Real Estate
In 2016, 11% of the respondents plan to buy real estate in the city, as much the local market places second place in the list of priorities. By the way, there are a lot of Russian-speaking people living in Dallas.
Foreign Investment In Washington Real Estate
16% of respondents dream to invest in the US capital, and 9% put the city on the second place. Here you can feel the influence of foreign capital: foreigners willingly invest in the capital’s real estate. By mid-November 2015, the value of transactions in Washington exceeded $ 850 billion.
Foreign Investment In Chicago Real Estate
16% plan to invest their capital in the real estate of the city, another 6% called it the second most attractive. The rich history, size and status of the second financial capital of the US speak for themselves: the flow of people wishing to buy property in Chicago (including foreigners) is consistently high, which guarantees the profitability of investments.
Foreign Investment In Boston Real Estate
Boston regularly enters into all world ratings of the best for life of cities and is rightfully considered the educational capital of the country (here and Harvard, and MIT). In addition, the center of Massachusetts is called one of the most innovative cities on the planet. 18% of respondents plan to buy real estate in Boston in 2016, 10% called it second among the priorities. So the demand for the Millennium Tower is quite natural.
Foreign Investment In Los Angeles Real Estate
In 2016, 22% of respondents intend to buy real estate in the city, 6% put it in second place. In recent years, the citizens of Asia are very active in the local market. An example of this trend is the luxurious Metropolis Residences project from the Chinese developer Greenland Properties.
Foreign Investment In New York Real Estate
The status of one of the world capitals and the constant struggle with London for the right to be called the financial center of the planet is all about New York. Manhattan, one of the main goals for international investors, should be mentioned separately. In the third quarter of 2015, the amount of real estate transactions of all types here reached $ 4 billion. It was then that the South Korean company Lotte Group bought the hotel New York Palace for 800 million dollars (900 thousand for a room!). For comparison, the American company Northwood, which sold the hotel, in 2011, paid for it 377 million.
Foreign Investment In San Francisco Real Estate
One of the most beautiful cities in the world attracts investors not only with architecture and ecology. Among the advantages of San Francisco, a successful geographical position – next to the Silicon Valley. 27% of respondents plan to invest here, another 10% called the city second in attractiveness. Given the number of tourists visiting San Francisco almost all year round, investments in local housing guarantee a stable income.
With the city decided? Then watch the fresh rating of the best houses, which you can buy in the US right now.