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| Articles about Foreign Buyers |
| | U.S. real estate a 'bargain' for foreign buyers | | 2008-01-24 04:18:00 | | "When you consider how the U.S. dollar has slid in value compared to other international currencies, you begin to understand why investors are purchasing real estate in this country," said Mitch Creekmore, senior vice president of Stewart Title Co. "Real estate prices here are a bargain compared to many areas in western Europe and Asia."The currency environment probably played a major role in the proportion of foreign buyers who paid cash for their homes. The cash group (28 percent) was much greater than that of the general U.S. home buyer population (8 percent).
... | | By: Real Estate News | | |
| | Foreign Buyers Take Manhattan | | 2007-11-05 01:20:00 | | The increase in demand comes as a new tide of high-rise condominiums is hitting Manhattan. Buyers from other countries who don’t have credit histories in the United States or who do not intend to use their apartments as primary residences have historically had trouble passing muster with co-op boards. But condos pose no problem for foreign buyers, and they often find that buying in Manhattan is less expensive than buying a comparable house or apartment in cities like London.Jonathan Miller, an executive vice president and the director of research at Radar Logic, estimates that foreign buyers have bought about 1,000 newly constructed or converted condos in Manhattan in the last 18 months, which is about a third of the condo sales in Manhattan in that period.
... | | By: NY real estate news | | |
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| Midtown’s Biggest Fans May Be Foreign Buyers | | 2007-09-10 20:16:00 | | In June, the Italian real estate investor Luigi Zunino made a foray into the New York market with the purchase of 660 Madison Avenue, the stylish office tower atop Barneys New York, for $375 million. At $1,488 a square foot, according to Mr. Harmon, it set a record for Manhattan commercial real estate. The deal, which closed on Aug. 30, was leveraged at a more modest 70 percent, with Deutsche Bank providing the financing, according to Mr. Harmon, who was the exclusive adviser for the transaction.
... | | By: NY real estate news | | |
| | Foreign Buyers to Face Less Red Tape Chaos | | 2007-07-18 01:30:00 | | Russia property - The trial that foreigners have to go through to register property in Russia was made a little less burdensome last week after officials moved to systematize the process across the country. The Federal Agency for Registering Real Estate introduced a uniform list for local authorities outlining the documents that need to be produced by foreigners wishing to register real estate deals.
... | | By: Russia real estate news | | |
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