High demand for U.S. real estate in 10 countries
NEW YORK – April 16, 2014 – Foreign buyers are being lured to U.S. real estate because they consider it to have bargain prices, economic stability and a "safe haven for investors," 24/7 Wall St. reports. Interest in U.S. real estate from international buyers in 10 countries has soared since 2009 by 95 percent or more. In nine of those countries, the interest has at least doubled, according to data from RealtyTrac.
"The U.S. real estate market is coming off of a rough patch and entering recovery mode," says Daren Blomquist, RealtyTrac's vice president. "International buyers see it as a great time to jump in and catch the U.S. market on the upswing."
24/7 Wall St. compiled data from RealtyTrac to find that the following countries are showing the highest increases in interest in purchasing American homes.
1. United Arab Emirates
3. Hong Kong and China
6. United Kingdom
Source: "10 Countries Racing to Buy American Homes," 24/7 Wall Street (April 11, 2014)
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