The U.S. real estate market is one of the most attractive for foreign buyers and investors. Let’s look at the reasons for their choice and how to approach the search for an investment.
According to the National Association of Realtors (NAR) in the United States, from April 2018 to March 2019, the volume of purchases of real estate from abroad in dollars was $77.9 billion, and the number of transactions themselves carried out in the purchase of American real estate by a foreign person is equal to 183,100. The average price of such a purchase is $280,600, which is slightly higher than the average purchase by U.S. citizens.
The U.S. market has many advantages that tip the scales for foreigners in their choice of investment site.
The U.S. economy in peacetime is the most calm and stable, which gives its participants confidence. Before the epidemic every industry was developing and thriving, new projects and innovative solutions were constantly emerging. The unemployment rate in the United States was Trump’s real pride, or rather, one of a whole list of his achievements.
Experts believe that the United States is one of the countries that will be the first to rebuild its economy after the end of the coronavirus pandemic. This is despite the fact that America has now surpassed all other countries in terms of spread and mortality.
The cost of American real estate will appeal to both extremely wealthy people and those who have rather modest capital. A residential complex in Miami, a commercial space in San Diego, a house in the suburbs of Austin (by the way, the best city in the United States in 2019) – here you can find a property for every taste and wallet.
Developed infrastructure. This industry can be a real “dark forest” for novice investors, but the American market is so developed that you can always find a specialist who will give a tour, provide support and even support services. Even the personal presence of a foreign investor will not be necessary if you hire a professional: work with tax documents, inspection of facilities, meeting with the parties to the transactions, working on behalf of the owner as a manager, etc. All aspects are absolutely realistic to solve without leaving the borders of their own homeland.
In the U.S. it is not very difficult to find help in the form of a loan and credit. It has an excellent system of loan programs, some of which are designed to work specifically with foreign nationals wishing to start a business and be present in the U.S. real estate market.