Bargain prices in US real estate markets attracting an increasing number
of foreign buyers
US bargain property rises
Sellers are cutting the asking price on almost half the properties for sale
in the US, particularly in Florida, research shows. One result is that real
estate investors from Europe, South America, Asia, Russia and the Middle
East are finding bargains.
The bargain prices in Florida are attracting a large number of overseas
buyers who have always been high in the state. Many are buying condos and
renting them out until the real estate market recovers, according to
experts.
Individual investors from Argentina, Canada, Colombia, France, Israel,
Italy, Norway and Venezuela have all been buying in Florida.
Many tell real estate agents that they would normally invest in the stock
market but see property has a better medium to long term bet.
Posted: 12 October 2010
Source: Property Wire
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