Canadians investing in U.S. real estate
Canadians investing in U.S. real estate
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HUD expands multilingual website
HUD expands multilingual website
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International buyers believe in Fla.
According to Gerson Lehman Group, international realty buyers believe the Florida housing market is poised for recovery.
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Realtors use new visa types to open doors for foreign buyers
Realtors who work with international clients should learn more about new special visa categories that allow foreign nationals to gain U.S. residency, which in turn can help these buyers more easily purchase property in this country. According to recent research done for NAR, about 7.1 percent of potential overseas buyers surveyed would definitely or possibly consider a retirement location in the U.S. – which translates to a market of more than one million potential buyers.
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Foreigners seek visa reform to stay in Florida longer
FORT MYERS, Fla. – March 4, 2009 – A retirement visa that would allow foreigners who own homes and cars and pay taxes in Florida to stay more than six months at a time would help boost the state economy, according to Lee County businessman Eugene Borosch.
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INTERNATIONAL INTEREST UP
The Association of Foreign Investors in Real Estate (AFIRE) reports that foreign real estate lenders could grow lending by as much as 58 percent in the United States this year, with interest in cross-border property investing especially robust. In a recent AFIRE member survey, the top five most attractive U.S. cities in terms of investment dollars were the District of Columbia, New York City, San Francisco, Los Angeles and Houston.
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FOREIGNERS KEY TO REVIVAL?
Miami real estate agent Tony Macaluso believes the federal government should implement a “Silver Card visa” that allows foreign retirees to stay in the United States. Currently, those who purchase property in the United States hold tourist visas, requiring them to return home every six months; they must then wait a few months before coming back.
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NAR: International media library to launch in 2009
WASHINGTON – Nov. 17, 2008 – The National Association of Realtors® (NAR) announced the creation of a new tool to help Realtors conduct business internationally – a Web-based media library devoted to international real estate that will be launched in 2009. The library will include information from leading real estate experts in countries all over the world.
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NAR selects new international partners
ORLANDO, Fla. – Nov. 13, 2008 – Today’s real estate market knows no borders, which is why the National Association of Realtors® (NAR) has been expanding its network of business partnerships around the world and recently established new bilateral agreements with seven national partners in Europe, Latin America and Asia.
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Study: Foreign homebuyers favor Florida in greater numbers
ORLANDO, Fla. – Sept. 23, 2008 – While a number of factors have contributed to a home sales decline in Florida, an increase in foreign homebuyers has modified the trend, according to a just-released research paper from the National Association of Realtors (NAR), the 2008 “Profile of International Home Buying in Florida.”
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NOUVEAUX NEIGHBORS
NAR reports that Canadians accounted for 24 percent of foreign homebuyers in the United States in May, up from about 12 percent the prior year – and 33 percent of those purchases were in Florida. Canadians are taking advantage of equity gains at home, the strong Canadian dollar and falling U.S. home prices.
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Foreign buyers put Florida 1st
MIAMI – Aug. 8, 2008 – Florida remains by far the most popular location for foreign buyers of real estate, accounting for 25.4 percent of all international purchases in the United States.
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Crist talks trade and real estate in Russia
ST. PETERSBURG, Russia – July 22, 2008 – Gov. Charlie Crist met with the American Chamber of Commerce to discuss real estate investment and expanding trade between Florida and Russia. Governor Crist encouraged investment in Florida in the areas of real estate and foreign direct investment, and welcomed assistance in opening doors for Florida exports to Russia.
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Realtors join Gov. Crist for international business meetings
LONDON – July 16, 2008 – Gov. Charlie Crist met yesterday with Lord Levene, the chairman of Lloyd’s of London to discuss reinsurance issues in Florida, as well as Lloyd’s climate change initiatives. The meeting occurred during the Team Florida Trade and Business Development Mission to the United Kingdom (UK), France, Russia and Spain.
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GO FOR THE SILVER
At a time when more Americans are living out their golden years in Mexico, Costa Rica, Panama and other countries, U.S. real estate professionals support the creation of a “silver card” visitor visa that would allow foreigners to retire in the United States. The silver card would not make foreign retirees U.S. citizens, but it would give them legal residence in this country.
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Foreign buyers snap up U.S. real estate
MIAMI – April 24, 2008 – Real estate agents are increasingly courting foreigners to buy homes in the USA – hiring agents fluent in other languages, marketing to foreign buyers and in some cases, offering to pay the airfare and hotel bills of foreign shoppers who buy a home.
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Realtors reach out to international buyers
WASHINGTON – April 14, 2008 – As the falling dollar makes the U.S. second-home market more attractive to international buyers, the National Association of Realtors® (NAR) joined with the Salon Immobiliario de Madrid (SIMA), Europe’s largest home and resort exposition, to educate potential buyers about U.S. real estate investment options.
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Florida Realtors spread gospel of sunshine
WEST PALM BEACH, Fla. – April 10, 2008 – About 14 Florida property practitioners, including Realtors Association of the Palm Beaches Chairman John Mike, are in the United Kingdom through April 13 to create referral relationships with British real estate agents.
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Canadians seek U.S. vacation-home deals
LOS ANGELES – April 8, 2008 – Canadians, especially those who live in U.S. border areas, are snapping up vacation homes in the U.S. as the Canadian dollar gains value against the declining American dollar.
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FOREIGNERS EYE FLORIDA
Foreign investors increasingly are interested in purchasing vacation homes in Florida and elsewhere in the Southeast, according to Tampa-based Fast Home Auction Inc.
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Going Abroad
Many real estate companies, including Century 21, are hoping to weather the housing slump by generating interest in U.S. properties among international buyers.
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GLOBAL REAL ESTATE OUTLOOK STRONG
London-base global investment company LaSalle Investment Management told clients that the outlook for global real estate is strong, despite recent turbulence in the U.S.
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Survey digs into details of international buyers
WASHINGTON – July 31, 2007 – International buyers – foreign citizens who legally enter the U.S. to purchase a home – make up a growing share of business for real estate practitioners, according to new research by the National Association of Realtors® (NAR).
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Real estate sales move beyond borders
ORLANDO, Fla. – July 27, 2007 – The weak U.S. housing market has prompted many property brokers to take a global approach to selling real estate. Sotheby’s International Realty, RE/MAX, and Century 21 are among the brokerage firms increasingly targeting overseas buyers. These brokers either assist foreigners in purchasing U.S. properties or help immigrants looking to buy second homes in their native countries.
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Florida home sales to international buyers decrease 65 percent
ORLANDO, Fla. – July 10, 2007 – In 2006, home sales to international buyers fell about 65 percent compared to 2005 numbers, according to a Florida study conducted by the National Association of Realtors (NAR). Analysts blame “the exorbitant rise in property/hazard insurance costs and equally dramatic rise in property taxes” on top of higher mortgage rates during the prime homebuying season.
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British investors still choose Florida first
LONDON – July 3, 2007 – Although British investors in American property are exploring a broader range of locations, Florida remains the favorite, says Adrian McDermott, managing director of Escapes2, a property investment company.
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10 ways to build a niche with foreign clients
WASHINGTON – May 25, 2007 – Working with international clients can be professionally rewarding and extremely profitable, but it’s not for the faint of heart.
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Big banks’ loan push: Illegal immigrants
NEW YORK – May 4, 2007 – Big banks are now following the lead of community banks in offering mortgages to illegal immigrants who lack Social Security numbers and traditional credit histories, instead allowing the use of Internal Revenue Service Tax Identification Numbers and employment histories.
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Central Florida targets European buyers
ORLANDO, Fla. – April 12, 2007 – Central Florida real estate professionals are leading the charge to attract Europeans to the area as both vacation and full-time homeowners.
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Register now for SIMA convention
Register now for SIMA convention
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Commercial real estate booms worldwide
NEW YORK – Feb. 12, 2007 – Worldwide investment in commercial real estate rose by 33 percent last year to a record $645 billion, according to Cushman & Wakefield Inc., a real estate adviser and research company.
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International real estate investors seek greater risk in U.S.
WASHINGTON – Jan. 24, 2007 – Global real estate investors say their U.S. real estate investment strategies for 2007 and beyond will include properties traditionally considered to have higher risk according to the results of the 15th Annual AFIRE Survey released by the Association of Foreign Investors in Real Estate.
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Encouraging international investment
Encouraging international investment
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Foreign REITs hold potential for rapid growth
NEW YORK – Jan. 9, 2007 – Real estate markets in other parts of the world continue to offer big opportunities for investors, says Steven Carroll, co-chief investment officer at CB Richard Ellis Global Real Estate Securities.
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As seen on TV
Freddie Mac teamed up with the Community Reinvestment Association of North Carolina on a 13-episode “edutainment” television program geared toward Spanish-speaking home buyers.
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Doing business in Mexico? Follow these tips
be aware of cultural as well as professional differences between you and your Mexican counterparts. For example, don’t show up early for a social occasion; in Mexico, it’s customary to arrive 30 to 60 minutes after the scheduled time.
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U.S. security measures deter foreign buyers
Florida licensees say that some longtime foreign property owners have found it difficult to renew their visas in recent years and that some foreigners and/or their relatives have not been allowed to return to the States after leaving to visit their home countries. |
© 2009 Florida Realtors®