International Buyers and Investing in U.S Property
The decision to invest in foreign property can be one of the biggest, and possibly the best, decisions that anyone could make. In recent years, the amount of international buyers investing in U.S. property has risen significantly and for good reason. Whether it is for personal investment or private use, securing real estate in another country can be a very lucrative endeavor, especially if it is done with proper research and planning beforehand.
So, why is investing in U.S. property the right choice?
"The U.S. market also offers diversification, with well-defined legal codes. Compared to some parts of the world, U.S. property rights are well defined, and the U.S. real estate market has traditionally not been highly correlated with foreign investment markets. A number of investors allegedly find that owning physical assets in the U.S. is a comfortable choice during difficult political or economic times. In addition, typically, U.S. property has appreciated over extended time periods and can, in many cases, be rented as well as used by the owner. In general, respondents reported that their clients saw U.S. real estate as less expensive than was the case in their home countries." - Florida Association of Realtors
As of March 2012, approximately 4.8% of U.S. property sales for the previous year (about $82.5 billion) belong to international buyers. International buyers, also known as “Foreign Nationals”, predominantly purchased homes and U.S. properties for the purposes of having a temporary professional relocation, investments, or as vacation homes. The majority of these international buyers were from Canada, Mexico, the United Kingdom, India, and China.
Florida real estate professionals report that the importance of international clients is growing. More than 30% of these professionals reported increased international business over a one year time span.
Four US states - Florida, California, Texas, & Arizona - account for more than half of the total US residential home sales to non-resident foreigners. Florida accounts for half of those total sales between the four states - leading the nation in sales to international buyers.
How can you find a good investment?
At LandCentury, we can we can help you find amazing U.S. property investments. Florida real estate is considered a good value among many international buyers. Many countries have higher real estate prices for comparable properties.
LandCentury is dedicated, not only to helping you find the best investment properties, but also to helping you get the best value for your money. Florida offers many amazing resort-style communities, central cities, and coastal areas.
At LandCentury, we have helped several international buyers to invest in profitable real estate projects, such as: multi-million dollar developments, new development and construction, bank multi-family deals, foreclosures, and more. We can even help you manage your Unites States real estate portfolio. We can help you in developing your own personal real estate money making investment.
With over 10 years of experience, we have learned all of the best methods to help you find and develop your own real estate investment portfolio.
We will also help to provide you with all of the information that you need to make the most informed decisions possible regarding your foreign property investments.
Call today for a FREE consultation!
We will help you find the best possible investment property for your needs.
For more information about tax concerns which affect international buyers, check out: FIRPTA Withholding – Withholding of Tax on Dispositions of United States Real Property Interests.