Foreign investors are snapping up US Real Estate like there is no tomorrow! Investors from Canada are benefiting from a dollar worth more than the US at the moment and UK buyers are experiencing 26 year highs for their Pound. Not to mention the Europeans who have a strong Euro – they are all in it to purchase a slice of the American Dream!
Florida naturally is high up on the list of hot spots, – from a villa near Disney to a condo on South Beach! New York is also a desirable location for Brits who at the exchange rate can easily afford a small apartment on 5th avenue! Southern California also is desirable with investors looking to San Francisco and LA for properties for them to sink their cash into.
ABC News reports – see link below.
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