Source: Fast Company —
From the rolling hills of Portugal’s Douro Valley to the Andean foothills of Argentina, there is a common dream among the international luxury consumer—owning a property in the United States.
It might be a modern mansion amid Hollywood’s stars in Beverly Hills, a duplex penthouse with incredible views of New York’s Central Park, or maybe it is a clean, contemporary masterpiece along the pristine beaches of Miami.
There are plenty of options, and one thing is for certain: homes and cities in the U.S. are as diverse as they come, and wealthy international buyers want in.
With affluent individuals from overseas stepping back into the game to purchase their dream property, the Coldwell Banker Global Luxury program fielded a new survey to explore the trends and attitudes of the wealthy international consumer. We polled more than 1,200 high-net-worth consumers from 12 countries on their dreams and sentiments of buying U.S. real estate, paired with our annual luxury real estate outlook, “The Report.”
We found that 80% of respondents believe purchasing real estate in the U.S. is a safe investment, with more than three quarters of them rating the current U.S. market conditions to purchase a home as “excellent or good.”
DREAMS, DESIRES, AND MOTIVATIONS
One size does not fit all when looking at the desires and motives for international investment in U.S. real estate.