U.S. POTENTIAL AS A SECOND HOME:

Here is where that foreign language you were forced to learn in high school pays off. In a press release from Washington on April 11 news that over 100,000 homes in the U.S are sold to overseas clients annually. Buyers from Europe, South America and even Africa are looking to invest in a second home on US soil.
The press release was an announcement of the NAR’s intention to join with SIMA, the Salon Immobiliario de Madrid. SIMA is Europe’s largest exposition of homes and resorts and the NAR is hoping to educate more people on the options in U.S real estate.
In a study done by the NAR in 2007 it was found that about 18 percent of all real estate agents had at least one client purchase a U.S. property from overseas.

That is a significant chunk! And with the NAR’s involvement with SIMA this year we could expect these numbers to keep rising. American land is still a coveted investment around the world and affordability is increasing with the value of the U.S. dollar on the low. News will easily spread from SIMA in Europe to further reaches around the world. There are no limits to potential buyers! Many of the wealthy around the world do learn English as a second language, but it wouldn’t hurt to brush up on your second language to latch on the influx of new buyers.

 

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