Own A House - real estate market news

Rich foreigners have already for a long time bought the second dwellings in megapolis like New York and Miami, and not only for business purposes and entertainments, but also as profitable investments. But recently this tendency has even been intensified.

According to the National Realtors’ Association, the last year each fifth realtor company has pushed the business through the foreign investor. Fast decline in dollar’s value to euro and English pound this year has strongly reduced the price of the American houses for Europeans, and landslide of prices because of mortgage crisis has made them more attractive for other foreigners.

Realtors also mark, that high-interest of foreigners to investments in the American real estate has led to increase in demand for houses in before unpopular areas.