As coronavirus
outbreaks emerge in more places, investors seem to be turning to U.S.
real estate as a good place to park their money.
Read more at: https://www.bisnow.com/national/news/capital-markets/investors-see-us-real-estate-as-safe-haven-during-coronavirus-scare-103274?utm_source=outbound_pub_60&utm_campaign=outbound_issue_36782&utm_content=story&utm_medium=email?utm_source=CopyShare&utm_medium=Browser
Read more at: https://www.bisnow.com/national/news/capital-markets/investors-see-us-real-estate-as-safe-haven-during-coronavirus-scare-103274?utm_source=outbound_pub_60&utm_campaign=outbound_issue_36782&utm_content=story&utm_medium=email?utm_source=CopyShare&utm_medium=Browser
As coronavirus
outbreaks emerge in more places, investors seem to be turning to U.S.
real estate as a good place to park their money.
Read more at: https://www.bisnow.com/national/news/capital-markets/investors-see-us-real-estate-as-safe-haven-during-coronavirus-scare-103274?utm_source=outbound_pub_60&utm_campaign=outbound_issue_36782&utm_content=story&utm_medium=email?utm_source=CopyShare&utm_medium=Browser
Read more at: https://www.bisnow.com/national/news/capital-markets/investors-see-us-real-estate-as-safe-haven-during-coronavirus-scare-103274?utm_source=outbound_pub_60&utm_campaign=outbound_issue_36782&utm_content=story&utm_medium=email?utm_source=CopyShare&utm_medium=Browser
As coronavirus
outbreaks emerge in more places, investors seem to be turning to U.S.
real estate as a good place to park their money.
Read more at: https://www.bisnow.com/national/news/capital-markets/investors-see-us-real-estate-as-safe-haven-during-coronavirus-scare-103274?utm_source=outbound_pub_60&utm_campaign=outbound_issue_36782&utm_content=story&utm_medium=email?utm_source=CopyShare&utm_medium=Browser
Read more at: https://www.bisnow.com/national/news/capital-markets/investors-see-us-real-estate-as-safe-haven-during-coronavirus-scare-103274?utm_source=outbound_pub_60&utm_campaign=outbound_issue_36782&utm_content=story&utm_medium=email?utm_source=CopyShare&utm_medium=Browser
As coronavirus outbreaks emerge in more places, investors seem to
be turning to U.S. real estate as a good place to park their money.
So far, the uptick in interest has been strongest in single-family
residential rental properties, with investors worldwide flocking to the
sector.
Roofstock, a company that lists single-family rental houses for
sale, says that it has seen traffic from Asia spike by 500% in recent
weeks, CNBC reports. Other recent jumps in interest have been from
Germany, the UK and Australia.
The key is that Roofstock can sell a rental property entirely
online. While investors, especially from China, can’t visit the United
States for the moment to look at residential properties, they can
complete deals remotely through sites like Roofstock.
As recently as a month ago, the National Association of Realtors
reported that the upper-end U.S. housing market was facing a softening
because of travel restrictions. If Chinese and other investors are
turning to online investments, however, that might represent a
workaround for those still looking to buy American.
Chinese investors rate U.S. housing highly for a number of reasons,
one of which is the quality of the U.S. healthcare system. That might
be even more important in a post-coronavirus environment.
“After the epidemic, we expect healthcare to be even more important
to buyers,” Juwai IQI Executive Chairman Georg Chmiel said in a
statement. His company consults with Chinese buyers about overseas real
estate investment. “Countries like Thailand, the U.S., the UK, Canada
and Australia, which have good healthcare systems and highly ranked
abilities to react to viral outbreaks, are likely to benefit from an
increase in buyer activity,” Chmiel said.
Non-American interest in U.S. properties follows an established
pattern. In times of crisis — economic, political or otherwise —
investors from around the world often turn to U.S. assets, which are
perceived as more stable than in other places.
U.S. real estate already has a number of advantages when it comes
to attracting foreign investors, according to a new report released
Thursday by the Association of Foreign Investors in Real Estate and the
University of Wisconsin. Continued low interest rates, a stable credit
environment, modest inflation, and high employment were important
factors in investors’ consideration of the U.S. market.
Seventy percent of the respondents, which are made up of executives
who represent foreign buyers of U.S. real estate, had a positive
outlook on U.S. real estate. Two of the three top global cities where
investors would like to increase their investment exposure are American:
Los Angeles and Boston, with Paris as the only city outside the U.S.
Half of non-U.S. capital sources report they plan for net inflow of
capital to U.S. real estate this year, the report says. Only 18% plan to
be net sellers of U.S. real estate in 2020.
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