U.S. market attracting foreign buyers
December 21, 2010 - A report says that low prices in the U.S. are attracting a number of foreign buyers to consult international moving companies.
Australian buyers and investors have been particularly busy in the U.S. market, reported AOL Real Estate. More than half of all purchases by foreign buyers this year occurred in Florida, California, Arizona and Texas, mainly because those states typically offer affordable prices. It's in stark contrast to the real estate picture in Australia. That country is in the midst of an economic boom and homes run for around $500,000, said the report.
Some Australian buyers are looking at the homes more as an investment opportunity - often buying discounted foreclosure properties, repairing them, then renting them out. Vincent Selleck, an Australian real estate broker, told the source that the low price of U.S. homes and abundant foreclosures can provide for an incredible return for the savvy investor.
"We are mainly looking at buying homes in areas that are good for families to live in," he said. "In places like Miami, Orlando, Atlanta, Las Vegas, Cleveland, we are getting incredible deals."
Other recent reports point to the surge in interest from foreign buyers moving to the United States. Officials with the Miami Association of Realtors said that local condo sales surged in October, mainly off the strength of international relocations.
Recent Articles
Chris Brown pleases ex-neighbors, lists West Hollywood penthouse for sale
While singer Chris Brown was seen moving boxes into a new Los Angeles area home a couple months ago, Realtor.com says he has now listed his former West Hollywood property for sale.
Friday, May 25 2012 12:16
Actor Josh Hutcherson moving into former home of Heath Ledger
Hunger Games fans may be excited to hear that actor Josh Hutcherson may be calling for moving services, as news sources report he recently purchased a home in Hollywood Hills.
Friday, May 25 2012 12:15
Hockey player Patrick Sharp buys home in Chicago
News sources report that Chicago Blackhawk Patrick Sharp may be calling for movers, as he recently purchased a home in the Lakeview neighborhood of Chicago.
Thursday, May 24 2012 17:27
Actor Eddie Murphy finally sells home in New Jersey
News sources report that comedian and actor Eddie Murphy has finally sold his home in Englewood, New Jersey.
Wednesday, May 23 2012 15:26
Celine Dion selling private island complete with mansion
News sources across the globe are reporting that singing sensation Celine Dion has listed her private island complete with a mansion for sale.
Tuesday, May 22 2012 16:03
Related Categories
International Shipping News
U.S., Canada most affordable housing markets
Americans who are considering hiring international moving companies and relocating abroad may want to reconsider their plans, according to a new survey.
Tuesday, February 01 2011 09:59
|
International moving tips
International moving nearly always requires good organization and appropriate planning to minimize mishaps during the relocation process.
Thursday, November 04 2010 00:42
|
Distressed Vegas homes popular among foreign buyers
Encouraged by the favorable rate of exchange for their currency and low home prices, foreign buyers are moving to distressed Las Vegas homes at a climbing rate.
Thursday, September 30 2010 09:21
|
Study: International moving expected to increase this year
Despite the fact that many companies made fewer overseas job offers last year, new research suggests that these types of assignments are expected to increase in 2010.
Thursday, April 08 2010 16:34
|
Moving Companies News
Actor Morris Chestnut moving out of Hidden Hills home
Boyz N the Hood star Actor Morris Chestnut has reportedly sold his home in Hidden Hills.
Friday, May 04 2012 16:15
|
Finding the right moving company
For those moving in the next few months, there are many different moving companies to work through. However, the Better Business Bureau has issued a few tips for people trying to find the best one for their situation.
Wednesday, May 02 2012 14:29
|
Tips for hiring movers
After buying a new home or signing a lease for an apartment, it is important for tenants and homeowners to start planning their move.
Thursday, April 19 2012 13:00
|
Jennifer Connelly's Tribeca apartment off the market
The New York City pad of actress Jennifer Connelly and husband Paul Bettany has been taken off the real estate listings, which could mean the pair is hiring moving services and officially heading elsewhere - or at the very least, offloading one of their several homes.
Wednesday, April 18 2012 16:37
|
Harry Potter star Alan Rickman may be looking for movers
Alan Rickman, typically recognized as Snape from the Harry Potter series, was recently spotted at the West Village buillding 1 Morton Square. Rickman is also known for his role in Die Hard and has voiced characters in The Hitchhikers Guide to the Universe, Alice in Wonderland and many more.
Friday, November 04 2011 10:46
|
Moving News
