Overseas Real Estate Investors on the Beachhead?
Categories: Global Real Estate, San Francisco Bay Area, Real Estate Investment, The Future
It's just one man's observation, but a Realtor in San Francisco told me he guesses 20% of the residential buyers now are coming from overseas. Can anyone confirm?
Real estate is being perceived as an investment product globally, with investment size ranging from commercial to residential properties tailored to the investors' capital wherewithal. Residential properties seem to be the entry level investment preference for individual investors. The San Diego Union-Tribune (Feb 11, 2007) ran an article about how South Koreans will invest nearly $2 billion in U.S. residential property in 2006, up from $1.27 billion in 2005 when such investments were mostly limited to large Korean corporations.
Here are a few recent articles that demonstrate how global real estate investment is becoming accepted worldwide:
- Foreign Investors Flood into Berlin's Property Market - Feb 14, 2007
- Foreign Real Estate Flows Brightens Dollar Outlook - Reuters Feb 9, 2007
- War Zone Real Estate Booms in Georgia - St Petersburg Times Feb 22, 2007 - it's the other Georgia, the one in the old USSR that had the civil war last decade.
Since the U.S. is lauded as one of the most transparent real estate market in the world, is it no wonder foreign investors, perhaps with friends and relatives living here, are exploring US real estate investment in its trophy markets with large immigrant populations like San Francisco, LA and New York City?
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Technorati Tags: global real estate, real estate investment, Asian real estate investors, international real estate
We need more than 20% investment from overseas in the Bay Area to make up for all the Califonians investing in out-of-state propeties because of the high prices here!
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20% actually sounds a little low. I would say that normally it is around 20%, and because of our really good market over the past couple years, it is higher.
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Thanks for the input Matt, I just heard an estimate of 30%... it's al conjecture, but it would be intriguing to find out how high a proportion foreign buyers are coming to market. It reminds me of how Vancouver got so many Chinese real estate investors the year before HongKong was returned to China.
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why dont you guys seriously think of dubai,where stands the worlds tallest building and is just booming with new projects.
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i was thinking of dubai... i would love to adverise my new york city townhouse on one of their real estate sites. my townhouse would make a perfect pied-a-terre. it's located on a lovely, quiet, tree lined street right in the heart of manhattan, minutes from everything yet away from it all... any suggestions?
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I liked your great article so much, because I like reading everything about real estate investors ,wish to have this article in my website
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Ahmed Anies
( Egyptian Real estate Agent )
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Email: [email protected]
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I own a villa in South Spain, in a town called El Puerto de Santa María. The villa is on a plot of 311m2 and 112m2 are built.The villa is at only 2 minutes walk from the beach. Coudl I advertise in your agency/web-site? Thanking you in advance, Best regard, Manuel.
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i am new to this blog. wondering what took me so long... just wondering manuel did you ever get a reply to your inquiry regarding selling your villa? i have a beautiful townhouse located right in the heart of new york city and i'm looking for an international buyer. it's really a charming place. i've advertised on many of the sites but so far i am only getting replies from scam artist. thank goodness i've been able to see thru them before they got me. at any rate... any advice, tips or suggestions as to how i can find a bona fide purchaser? thanks
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If most foreign investors in the Bay area would come from Korea and China, I can't help but think of other China town blossoming in the neighborhood of San Francisco, L.A. and New York.
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There are multiple Chinatowns, Vietnam and Koreatowns all over the metropolitan areas of California.
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It is an interesting phenomenon and while it's tough to get numbers, I would bet as many as 10% of Californian's are investing offshore in Costa Rica. Creates an interesting world where other countries are investing in the US, while the US invests overseas.
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