I find it very interesting.
This is so true that it is going on. And we are not just seeing it in california, but in Baja California real estate too. We are seeing many foregin and mostly national (regional) buyers coming to invest in rosarito beach and Ensenada, Baja homes, condos, lots and even hotels and restaurants.
In Rosarito beach, about 15% of the population is from the United States. They help with city projects, many times as volunteers, they help sustain the Baja businesses with their patronage, they bring friends and family to stay at Rosarito and Ensenada hotels, and to buy Baja homes and condos all over.
As many mines are being "discovered" in central Baja California, we are also getting Chinnese investors here in Baja, mostly in Ensenada. Please read on!
Please visit us for the best of Baja real estate, at www.BajaInvestment.com
thank you, Gustavo Torres
Foreign Buyers See Big Bargains in U.S. Real Estate
Daily Real Estate News | Friday, January 13, 2012
Foreign investors are finding plenty of deals in the U.S. when it comes to real estate, and, as such, more international investors are flocking to key states to buy their piece of the American Dream.
Mexico is the top country of origin for foreign buyers purchasing U.S. homes, according to a recent study by Credit Sesame, which used National Association of REALTORS® data for its findings.
“In this period of tremendous uncertainly globally, real estate here is a safe haven,” Susan Wachter, professor of real estate and finance at University of Pennsylvania, told MSNBC.com.
The top destinations of foreign investors for U.S. real estate purchases are:
1. Florida: Thirty-one percent of all home purchases in that state are made by foreign buyers, with most coming from Cuba, Haiti, and Colombia.
2. California: 12 percent of all home purchases (most coming from Mexico, the Philippines, China, India, and Vietnam)
3. Texas: 9 percent of all home purchases (most coming from Mexico, India, Vietnam, China, and the Philippines)
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