Jan 14 2008
Foreign Buyers Snap Up U.S. Properties
In 2007, foreign investors acquired more than $43 billion worth of U.S. properties — almost double the amount foreigners spent in 2006. By Curt Nickisch
Listen to Curt’s story at www.npr.org
Three reasons:
1. Weak dollar makes U.S. real estate more affordable.
2. Increased global wealth means international investors have more investment capital.
3. Falling U.S. real estate prices offer bargains for foreigners.