Real Estate has always been considered the American Dream. As desirable as real estate may be to US residents, it’s even more desirable to international buyers. Understanding the benefits of owning property in the U.S. for foreign buyers can open a world of new opportunities for real estate agents.
Consider the following reasons why foreigners love to buy in the US:
- Value: Real estate in the U.S. is usually much less expensive than comparable luxury real estate in other highly desirable international locations.
- Economic Openness: Transparency associated with determining value is objective. This is unlike the economic situations in other countries such as China and Russia, where property values can be manipulated by government policy that can change overnight.
- Safety Net: In most other parts of the world, economic and political stability can be difficult to achieve. The U.S. offers an ideal financial safety net for wealth that may be at risk in an international buyer’s home country.
- Educational Opportunities: In many other countries, only the brightest children are granted access to the best educational programs. For example, in China, only students with the best scores are selected for top educational programs. All other children are relegated to secondary, less desirable programs. Approximately 66% of wealthy Asians send their children to study abroad because of access to exceptional educational programs in the U.S. and other Western countries.
- Social Networking: Owning real estate in the U.S. affords international buyers the opportunity to network in social circles comprised of the wealthiest, brightest, and best from across the globe.
- Prestige: Owning real estate in the U.S. is symbolic of both wealth and stature.
- Investment Opportunities: In addition to being a safe haven, real estate investments have historically provided excellent appreciation that either meets or exceeds return on other low-risk investments. Current buyers can expect their real estate purchases to experience significant appreciation resulting from a stable economy and housing supply and demand imbalances, depending on location.