There are still clouds of speculation regarding the future of real estate industry after this years election.
As we take a look at the market, we can see several trends There are so many factors that can either propel the real estate on top or pull it down. However, in Las Vegas we have seen a rise of investors both local, national and international. I will share with you three reasons this is occurring in the market!
Despite of the uncertainty, 95% of foreign real estate investors are positive that overall climate will be favourable for the industry this year. This survey was conducted by the Association of Foreign Investors in Real Estate (AFIRE). Here are some reasons why the U.S is the leading choice for foreign real estate investors.
1.Stability and Security
The U.S market continues to show signs of stability despite the slow economic performance worldwide. In the same survey of AFIRE, it was shown that foreign investors trust the country’s strong rule of law and corporate governance.
Investors from foreign countries experiencing economic turmoil are confident in putting their money in the US rather than in their own county. Foreign investors believe that their money is safe to be invested in the US soils than elsewhere.
2. Opportunities in Major U.S. Cities
Major cities in the U.S. are expected to display a rise in real estate appreciation. These cities are Los Angeles, Boston, New York, San Francisco and Seattle – and, of course, Las Vegas. There is an increase in demand for properties as Millennials are keen on finding properties that they can own or rent.
Keep in mind that these cities are heavily industrialized and this translates to more job opportunities for young professionals. Also, foreign investors want to put their money in properties where they think the value can appreciate over time. There are growing opportunities for all sorts of investors looking to own Las Vegas luxury homes and this is due to two driving forces; primarily the foreign market investment in the real estate continues to receive positive feedback for capital appreciation in these major cities and locals are investing in the market.
3. Other sectors are showing positive investment opportunities as well.
Positive things that happen to other market sectors- technology, manufacturing, agriculture- produces positive impact to the real estate industry as well. Positive trends in other sectors are encouraging to capital expansion goals in the industrial real estate. We can therefore conclude that the U.S is still a financial stalwart throughout the world. Though some foreign investors may change their preferred types of investment from time to time, their interest in U.S property remains strong.