Photo by COSTAR GROUP INC.
Comparatively high rates of return on real estate investments in greater downtown and metro Detroit as a whole continue to drive foreign investors to the region in search of deals.
It's difficult to quantify exactly how much money from overseas has been spent on real estate investment sales in the past few years, but it's well into the several hundred millions of dollars, said Dennis Bernard, founder and president of Southfield-basedBernard Financial Group Inc.
By KIRK PINHORead more at
http://www.crainsdetroit.com/article/20151129/NEWS/311299980/high-returns-bring-foreign-investors-to-detroit-real-estate-market
No comments:
Post a Comment