Consider the scenario
According to the National Association of Realtors USA, NAR, for its acronym, foreign buyers were an important engine for real estate in the last year, adding purchases 82,000 million, 25% more than the previous year.
According to the agency, between March 2010 and March of 2011de March 2011, the Mexican capital represented 7% of foreign investment property, just behind Chinese Canadians (9%) buyers (23%) and with a investment valued at 5,740 million dollars.
The reason? the market is favorable: low prices, a large inventory and the certainty that eventually the earth will begin to regain its value. Never more than today in America is some awareness that the Properties are long-term investments.
The average price paid by foreign investors, $ 315.000, was higher than that paid American residents only reached $ 218.000. This perhaps because, in addition to greater liquidity, many foreign buyers are opting for resort type properties in the residential segment and higher in locations with better promises of goodwill.
While NAR has distinct location preferences of each nationality of buyers, closely related to accessibility (Mexicans to Texas and Arizona, Chinese to Western and European to the east coast), in the last 10 years, Florida has been the entity most popular for overseas buyer in general, thanks to its climate, tourist profile and demographic mix that gives wealth.
Managing a property from the distance is easy
One of the biggest fears of foreign buyers is undoubtedly the inability to care for, maintain and manage your property at a distance; however, since the mortgage crisis of 2008, in the United States plus the ability to obtain substantial discounts on the purchase of real property, a new business model that facilitates foreign investment in this direction emerged.
The diagram suggests that, beyond the purchase of a property with attractive price, which will generate goodwill, it is possible to put it on rent. This scheme allows you to get a guaranteed average around 5% per annum on the initial investment ranging from $ 50.000 to $ 350,000 to the profile of the investor returns.
