The Best Time To Buy Luxury Property In The US Is Now

Now is a good time for international investors to buy U.S. real estate. This is because if they don’t buy now, it will only get costlier as a result of the constant strengthening of the U.S. dollar. An international buyer who is hoping to regain lost purchasing power in his/her local currency as compared to the dollar might be waiting in vain as the dollar keeps getting stronger by the day.

It is very unlikely that the dollar will lose power in the foreseeable future. The worst that is likely to happen is perhaps a pause of its strengthening ability. It might hit a soft patch, as it did just recently, and not strengthen for a short while. Experts expect that the US dollar will start strengthening again this year after hitting a soft patch recently. So when talking about purchasing power, no time is better than now.

Still on the subject of the strengthening U.S. dollar, we have certain countries whose currencies are not doing well compared to the U.S. dollar. Countries like South Africa, Brazil, Russia, Columbia, Argentina, and many others, have over this time period experienced at least a double-digit drop in the value of their currencies against U.S. dollar.

Notably, a lot of big foreign investors are more likely to invest in real estate abroad than in their own countries. Big buyers from countries whose currencies are not doing well compared to the dollar are investing in U.S. real estate. It is good business for them because it will bring greater returns in their local currency. Wisely, these foreign investors intentionally delay the sale of these properties seeing that the more they wait, the more their returns will increase in their local currency, due to the fact that dollar keeps getting more expensive.

It is important for foreign investors to always be prepared before going into any real estate deal. If you are contemplating buying real estate in the U.S, it is in your best interest to count the costs, consider your options, and involve a reputable and experienced financial adviser before making such a huge decision. These financial advisers know about the fluctuations in exchange rates and the dramatic and significant influence they can have on the value of foreign investments.

Having said all that about dollar getting more expensive, it is not the only reason real estate properties are getting costlier in the U.S. Ordinarily, the prices of these properties increase as the year goes by. Take Los Angeles, New York City or Miami for instance; a lot of foreign investors end up acquiring properties from these cities. On average, high-end condos grew by 5% to 15% in the last quarter of 2015. This has nothing to do with the strengthening power of dollar. This is just ordinary inflation. So, if you are looking to buy real estate, the sooner you act, the better.

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