The weak U.S. Dollar is good news for foreign investors! Now foreign investors can buy more real estate for their same financial investment because of their increased purchasing power. Even in comparatively strong residential markets like Portland, prices can be considerably lower than in competing cities. And with direct flights to major hubs like Tokyo and Amsterdam, access to Portland is convenient.
“U.S. real estate has always been a popular option for buyers around the globe,” said Tu Packard, senior economist for Moody’s Economy.com. “The appeal lies in the general stability of the country compared with others throughout the world. Add to that the fact that the dollar is so weak and interest rates are low and house prices are at their lowest in years… it’s a compelling combination for a home buyer,” she said. “The U.S. dollar’s trade rate is the weakest it has been since the 1970s,” she continued, as reported in a MarketWatch article written by Amy Hoak.
Strong investment opportunities exist in all sectors of the U.S. real estate market. As always, real estate is a local business, so foreign investors will want to work with a U.S. real estate professional to best understand the various markets and the investment opportunities.
How can a foreign investor find the best U.S. real estate professional to meet their real estate needs? Through FIABCI, the International Real Estate Federation.
As a FIABCI member, I have access and contacts in 65 countries around the world and throughout the U.S. FIABCI members understand real estate and cultures around the world. My clients make informed decisions about investments in my local market, nationally and internationally, based on my experience and the contacts I have developed through FIABCI’s diverse network of real estate professionals.
Please contact me whether you’re looking to invest in Portland or elsewhere. It all starts with an initial conversation and a plan.