Elisa Andreis J.D.
Your source for Sedona Real Estate
Elisa Andreis    Phone 928-274-1521
Declining Dollar Brings Foreign Investors

Declining Dollar Brings Foreign Investors

Falling prices for real estate and the declining value of the dollar are luring investors from all over the world to purchase properties for as little as half what they might have paid four years ago.

"This could be a once-in-a-generation opportunity for real estate investment," says Arthur Wong, whose Calgary, Alberta-based U.S. Real Estate Fund has invested $5 million in properties in the U.S. Southwest and plans to buy millions more.

Buyers from countries like Brazil, Canada, France, and the Netherlands, whose currencies are particularly strong against the dollar, are spending millions on luxury condos in New York City, Las Vegas, and Miami. Foreign buyers also find the warm climates of California, Texas, and Arizona attractive.

Peter Zalewski, a principal with Miami-based Condo Vultures, says he has sold foreign condo buyers seven bulk deals in downtown Miami alone, with investors coming from Argentina, Canada, Colombia, Italy, Norway, and Venezuela.

Source: MSNBC (11/22/09)
 


Home | Sedona Properties | Featured Listings | About Sedona | Contact Elisa | About Elisa | Testimonials | Recently Sold | Sedona Market Watch | Sedona Home Search | Sedona Community Links | YouTube Sedona Real Estate | Overseas Buyers come to Sedona Real Estate | Sedona Buyers Info | Sedona Best Buys of the Week | School Links | Sedona Sellers | Sedona Agent Wins Top Award for Real Estate Sales | Generation X Marks The Spot — Sedona | Real Estate News | What's My Home Worth? | The Current and Future State of the Sedona Real Estate Market - Nov 2009 | 11/25/09 Elisa Andreis - Highest-priced Sale in Sedona region | Ten Reasons to Buy real estate NOW! | 12/1 USA Today - Second homes: Being outdoors is big in Sedona | 1/1 Snowbirds find a place in the sun - Elisa Andreis | 4/1/08 Canadians Seduced by Sedona | Declining Dollar Brings Foreign Investors | Sedona - What's My Home Worth? | Living in Sedona | The Aerie Sedona | The Aerie Architecture | 10 Most Beautiful Places to live in America | Sedona Makes Fodors "10 Best Small Towns in America | Sedona and Lonely Planet 2013 | Sedona Homes By Email | Real Estate News Feed | International Buyers Seduced by Sedona | Property Search (Sedona Verde Valley - Residential) | Property Search (Sedona Verde Valley - Business Opportunity) | Property Search (Sedona Verde Valley - Land) | Property Search (Sedona Verde Valley - Commercial) | Property Search (Sedona Verde Valley - Timeshare) | Property Search (Sedona Verde Valley - Multi-Family) | Property Search (Sedona Verde Valley - Business Opportunity (Sold)) | Property Search (Sedona Verde Valley - Commercial (Sold)) | Property Search (Sedona Verde Valley - Land (Sold)) | Property Search (Sedona Verde Valley - Residential (Sold)) | Property Search (Sedona Verde Valley - Timeshare (Sold)) | My Listings | Arizona Real Estate | Paradise Valley Real Estate | Scottsdale Real Estate | Phoenix Real Estate | Tucson Real Estate
Site Map | E-Mail
SedonaOak Creek CanyonVillage of Oak Creek


Arizona Real Estate
Russ Lyon Sotheby's International Realty
20 Roadrunner Drive Suite A • Sedona, AZ 86336
Elisa Andreis • Phone 928-274-1521