Luxury properties in the US continue to be the investment of choice for the global wealthy
Donald Trump is truly a polarizing figure and the political turmoil in the US has driven some die hard patriots to seek residency elsewhere in the world. While those that leave the country or the focus of media, a recent real estate report solidifies the United States position as the premiere market place for luxury real estate. Affluent foreigners and new immigrants continue to pursue and acquire luxury class properties in key cities in America.
This latest analysis reveals continued upward momentum in cities like New York, Los Angeles and Miami, all key locales for jet setters and affluents alike.
“Politics aside, the United States still offers the best possible long term living solution for wealthy individuals who currently reside in less democratic or restricted nations. Infrastructure, services and capacity all play key roles in enhancing the lifestyle of affluent people, not to mention the weather in the southern centres.” – Doron Levy, TheTopTier Digital Media Some key highlights of the report:
72% increase in foreign investment in U.S. residential property priced over $1m (£770,000)
£5.78 billion ($7.48bn) new high for foreign investment into the U.S. luxury residential real estate market, over $1m (£770,000)
44% of these foreign purchases were all-cash based transactions.
Almost 40% of all overseas buyer transactions are made in three key U.S. Locations, Miami, New York, Los Angeles: Miami/Florida (26%), Los Angeles/California (9%) ...
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