Most Australians probably heard that there is wide increase in number of America real estate investments. This is not at all unexpected, knowing the current troubles that the America real estate market is facing. There arises greater opportunities in real estate investment for foreign investors.
Foreign investors are finding real estate bargains all over the United States, with the dollar’s value in its all time low. The America real estate market does not have shortages in awesome deals, especially there are more and more distressed properties being sold everywhere. Many foreigners, especially from Australia – since Australian dollar values are contradictorily heaping high in the market, are pouring in millions buying these foreclosed or distressed properties. The America real estate has become a fairly attractive long-term investment for many foreign investors.
The National Association of Realtors released a report – “Foreign Investments in U.S Real Estate: Current Trends and Historical Perspective” in November of 2006, showing the steady increase in foreign investments for America real estate. This is mostly because, while the US dollar is dropping down, the euro and the Australian dollar became stronger. The continuous devaluation of the US dollar has opened several prime bargains to many foreigners, looking into the possibility of retiring or settling in America.
We now urge many of our people in Australia to see the opportunity here. You will surely find a lot of reasons why you should invest in the America real estate market. Aside from the fact that the floating exchange rate from AUD to USD has given us lot of leverage over the bargaining table, the financial market is a pretty good reason why we should invest in the America real estate.
There are several Australian companies nowadays that are setting up offices, in connection with American friends top avoid tariff restrictions, that provide answers on how to buy and dwell in a property in the United States. Since the financial market in the United States in relation to the real estate market is quite liberal and the restrictions against foreign investors are pretty reasonable, this becomes ideal for many of these foreign companies to invest in the America real estate market.
Finally, the real estate market remains to be stable despite the devaluation of the US dollar and the wide foreclosures of a lot of property. Though the USD exchange rates can be slightly shaky, the America real estate is still strong due to foreign investors’ capital appreciation. Some of the domestic real estate buyers may not necessarily share the same opinion as most foreign real estate companies do, many foreign real estate buyers find minimal risk in the market, especially for Australians. Most still see the strong profitability and opportunity on the America real estate.