Wednesday, October 6, 2010

Foreigners investment in US real estate increases

Foreigners are crowding in Miami to buy the homes in US and paying with cash. The individual buyers are from Argentina, Canada, Columbia, France, Israel, Italy, Norway, and Venezuela are spending in auction of US assets.

The real estate experts are saying they have never seen such a high focus of overseas nationals buying real estate in US. The 80% of home sales in downtown Miami are supported by foreigners which is exceptional. There are also same sales in D.C., Las Vegas, Los Angeles, New York, San Francisco, Seattle and Washington.

The real estate agents and brokers are employing sales associates who can converse in multiple languages and are spending in abroad advertising utensils to convene the requirement in US.

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