The Benefits of Owning Land as an International Investor

Opportunities for real estate investment for foreigners is wide and varied in the United States.  It doesn’t matter where you’re from and what currency you’d be using to purchase a property, there is land waiting for you!

You’ve probably heard of the increasing number of foreign real estate investments in the United States.  This is not surprising.  With the troubles that the real estate investment market is facing in the United States, greater opportunities in real estate investment have opened for foreign investors.

With the dollar’s value at all-time lows, foreign investors are finding real estate bargains all over the United States.  There are no shortages of deals in this market.  The United States real estate has become a fairly attractive long-term investment for foreign investors.

There are many reasons for foreigners to invest in land in the US.  Aside from the fact that the floating exchange rate has given foreign buyers a lot of leverage over the bargaining table, the financial market is a pretty good reason why you should invest in the US real estate.

Despite the devaluation of the US dollar and the high amount of foreclosures, the real estate market remains stable due to foreign investors’ capital appreciation.  Domestic real estate buyers may not necessarily share the same opinion, but the market has remained strong for foreign real estate buyers.  This may be largely credited to the fact that there is minimal risk for them.

There are many investments for foreign investors, but the safest is investing your money in real properties including land.  This is another good reason aside from the fact that you can create a large ROI particularly with widespread property foreclosures and seemingly continuous US dollar devaluation.

The US government supports foreign investments and has formulated various tax breaks to encourage foreign investment of real estate.   Foreign real estate investment in the United States is open to everyone.  As long as you can afford to buy the property or at least comply with the mortgage requirements and payments, you can secure for yourself a wonderful piece of land in the United States.  Again, with the current economic situation of the United States, this is the perfect chance for you to make an investment.

Another great benefit that you can take advantage of is the availability of mortgage financing.  Lenders have opened their doors to foreign investors who are looking into purchasing a property.  This means, you don’t have to actually deplete your bank account and you can secure a mortgage and gradually pay it off.

Are you an international investor ready to invest in land? Contact Land Wealth to learn more today.

Foreign Buyers aren’t Leaving Southwest Florida

Blog Photo- International Investors

Thousands of foreign buyers are buying investment land across the United States.  Florida is the number one region for sales, holding twenty-two percent of the foreign market.  According to the National Association of Realtors (NAR) who conducted a survey involving 4,000 real estate sales of foreign buyers, found that Florida’s greatly reduced prices created a good investment.

Foreign buyers purchased $92.2 billion for houses in 2014. Thirty percent of U.S. real estate agents now say they are working with offshore clients, NAR reported.

The realtors association estimates total international sales from Chinese buyers were $22 billion in the twelve months that just ended in March, 2015.  They report the Chinese are buying luxury homes in Southwest Florida because they are a bargain compared to the $1.5 million they might pay for a small condominium in Hong Kong.  They report that some are paying cash and buying sight unseen. Many are parents who are buying homes in the U.S. for their children to attend college.  Canadian buyers spent almost $14 billion and Mexican buyers spent approximately $4.5 billion in purchases.

Condos are sought after by seasonal and older buyers, causing a short supply of housing to purchase. While supplies are still shrinking, inventory fell by only 5% over the past year.  Supplies have been constraining sales, now they are easing.

NAR suggests that 2015 is starting strong.  Closed sales in all price categories above $300,000 increased in 2014 by double digits, with the $2 million and above price category experiencing the highest increase. The NAR figures indicate that the SWFL regions market prices continue to rise as inventory stays low.  Properties, especially near the beach, are selling faster and closer to the sellers’ asking price.

If you are an international looking to buying land in Florida, contact the state’s premier land investment firm, 9 Core Realty at (239) 333-2221.

 

9 Core Realty Featured Lot of the Week: Lehigh Acres Parcel Perfect for Investors & Developers

Lakeridge Lehigh AcresThis week’s 9 Core Realty Featured Lot takes us just east of Fort Myers, to Lehigh Acres, Florida and a huge parcel of undeveloped land.  Located at 212 Lakeridge Blvd. Lehigh Acres, FL 33972 it is close to golf courses, shopping and restaurants and is a perfect Lehigh Acres Land lot for investors & developers.  Listed for the extremely low price of $29,000 and being located in such a desirable area of Lehigh Acres, this lot is expected to sell quickly.

Lehigh Acres is a diverse community of approximately 80,000 residents.  Just 12 miles east of Fort Myers, Lehigh Acres boasts ponds, lakes and canals.  With 175 miles of canals and 16 well-stocked lakes, Lehigh Acres is a perfect place for both fishing enthusiasts and beginners alike to call home.  For a change of pace, the Gulf of Mexico and its nearby barrier islands provide spectacular saltwater fishing opportunities, with bountiful grouper, mackerel, redfish, snapper, snook and trout.  Lehigh Acres’ is also home to four championship golf courses.  With parks, lakes, tennis, and safe roads for bicycling or walking, this charming suburban enclave is the ideal community for families or seniors seeking an affordable and laid-back lifestyle.

To learn more about this lucrative Lehigh Acres lot for investment purposes contact a member of the 9 Core Realty team at (239) 333-2221.

Lee County Real Estate Market is Hot, Hot, Hot!

Lee County Florida LandHousing indicators in Lee County Florida including Cape Coral Land purchases and nationally look good for the most part as does the overall economy, according to experts.  In Lee County, home prices are going up and stabilizing nearly across the board and in some cases have surpassed peak 2005 levels.

A lot of that increase in value has to do with where a property is located.  Neighborhoods broken down by ZIP codes seem to make a lot more sense than when it’s broken down by price range.  It’s about location, not price range, it’s how close you are to the beach, which really drives your value. This rings true also when purchasing investment real estate.

Condos haven’t seen as large a jump in price as single- family homes, but there are a number of reasons for that.  There have been financing challenges in the condo market including foreclosures and unpaid fees and that may have kept that condo market depressed over the past 12-24 months.  As we see home prices stabilize, the condo market will start to grow.

Statewide, the housing market has rebounded nicely from recession lows and economic indicators, which are tied closely to the real estate market, look positive, particularly for the wealthy.  There is a very close correlation, between million-dollar-plus home sales in Florida and the Dow (Dow Jones Industrial Average), so it’s kind of an indicator or where home sales are going to do.

In addition, transportation and infrastructure investments in Southwest Florida could help spur economic development, leading to a stronger local economy and higher home sale prices.

Nationally, the overall economic indicators look good, but the housing market has a few weak spots.  Wage stagnation, the unavailability of credit for subprime borrowers and a lack of lower-income housing are depressing the market.

A bright spot for Florida is the region’s favorable location and constant population growth.  Population growth is Florida’s saving grace.  People just want to be here and that’s what’s driving the real estate market in the region.

To learn more about the current state of the Lee County real estate market, contact a member of the 9 Core Realty team at (239) 333-2221.

 

 

 

Popular Rotonda West- The 9 Core Realty Featured Lot of the Week

33 Kingfisher Drive Rotonda West, FL 33946The popular Rotonda West development in SWFL, is the site of this week’s 9 Core Realty Featured Lot of the Week!  The property is located at 33 Kingfisher Drive Rotonda West, FL 33946 is listed at only $4,500.

Rotonda West contains 8,000 home sites with over 5,000 homes completed and is experiencing rapid growth and features the hottest Florida land sales.  Residents are predominantly full-time homeowners and their families, as well as tenants and those who winter in the community.  Many investors have found common ground in the city, building up portfolios through many great deals.

Thirty miles of picturesque canals, lakes and ponds wind through the community and offer fishing and boating opportunities for its residents.  Many exotic and beautiful birds call Rotonda West home, as it is a designated Bird Sanctuary.  Nearby recreation facilities, beaches, theaters, sporting events, and fine restaurants are keep residents of Rotonda West busy!

To learn more about this priced to sell 9 Core Realty Featured Lot of the Week and how to purchase land, contact a member of the 9 Core Realty team at (239) 333-2221.

SWFL- A Popular Choice Among International Real Estate Investors

SWFL Home

Naples was the 10th most popular city in April for searches by international real estate for investors, according to a survey recently released by Realtor.com International. With a population of 20,000, the city is David vs. Goliath on the list, which except for Naples consists of large metro areas: No. 1 is New York, followed by Los Angeles, Miami, Orlando and Las Vegas.

Among Canadians, Naples is even higher on the wish list: fifth, after Fort Lauderdale, Las Vegas, Los Angeles and Miami. Naples and the rest of Southwest Florida have always been favored destinations for Canadians who want to escape that country’s brutal winters. Naples’ high prices and elite reputation may play a role in the popularity of that city in particular.

Among foreigners who actually buy Florida land investments and homes , Canadians are by far the largest group: 8 percent of Lee County’s properties sold each year are bought by foreigners – three-quarters of them Canadian. In Collier, of the 6 percent of homes foreign owned, Canadians make up two-thirds.

Canada’s the only country that has Naples in its top five, but Miami is on most of the other countries surveyed by Realtor.com. That’s especially true of South American and Caribbean buyers. With volatile economies in their homelands, South Florida investment real estate is considered a secure place to invest one’s money.

To learn more about the SWFL real estate scene or to view any of our SWFL land investments, contact a member of the 9 Core Realty Team at (239) 333-2221.

Port Charlotte-Just Listed- The 9 Core Realty Featured Lot of the Week

1112 WELDON TER PORT CHARLOTTE FL 33953

A perfect Port Charlotte land lot with tons of room is this week’s 9 Core Realty Featured Lot of the Week. Just listed, this lot is located at 1112 Weldon Terrace in sunny Port Charlotte, FL 33953. This rare double lot, with plenty of space is listed for $13,900.

The zone on the Gulf of Mexico from Venice to Port Charlotte is world famous for its fishing, beaches and beautiful climate. Now it is also one of the best places in the US to find profitable land and waterfront property investment opportunities. The real estate market meltdown is over and land prices have started to rise quickly after reaching bargain levels across the board, usually down 60% to 90% since August 2005. Port Charlotte land prices are moving up and home inventories very low, at seller’s market levels.

To learn more about the 9 Core Realty Featured Lot of the Week, contact an expert member of the 9 Core Realty team at (239) 333-2221.