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Foreign Investment in the US Jumps 49% to Record $153 Billion

posted Aug 24, 2017, 6:50 AM
By: Sabrina Orlov • InvestUSA360

Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high, as transactions grew in each of the top five countries where buyers originated.

This is according to an annual survey of residential purchases from international buyers released by the National Association of Realtors, which also revealed that nearly half of all foreign sales were in three states: Florida, California and Texas.

NAR’s 2017 Profile of International Activity in US Residential Real Estate, found that between April 2016 and March 2017, foreign buyers and recent immigrants purchased $153 billion of residential property, which is a 49 percent jump from 2016 ($102.6 billion) and surpasses 2015 ($103.9 billion) as the new survey high1. Overall, 284,455 U.S. properties were bought by foreign buyers (up 32 percent from 2016), and purchases accounted for 10 percent of the dollar volume of existing-home sales (7 percent in 2016).

While China is still the top buyer of U.S. residential real estate, Canada accounted for the most growth in the past year, from $8.9 billion in 2016 to $19 billion in 2017. Key takeaways from the report:

  • Sales dollar volume: $153.0 billion – up 49% from 2016 ($102.6 billion); all-time survey high (since 2009)
  • Total transactions: 284,455 – up 32% from 2016 (208,947)
  • Top countries: China ($31.7B); Canada ($19.0B); U.K. ($9.5B); Mexico ($9.3B); India ($7.8B) – All five countries saw increases from the 2016 survey
  • Median sales price: $302,290; up 9.0% from 2016 ($277,389) – 28% higher than US national median price of $277,389 – Approx. 10% of all buyers paid over $1M; 44% paid all cash (50% in 2016)
  • Top states: Florida (22%), California (12%), Texas (12%), New Jersey and Arizona (4%)
  • International Clients: 29% of realtors worked with international clients (31% in 2016) – Referrals/personal or business contacts accounted for 64% of international client business

Read the full report, press release, and infographic here.

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US EB-5 Visa Program extended through December 8th

posted Sep 13, 2017, 9:53 AM [ updated Sep 13, 2017, 10:07 AM ]

On September 7th the US Congress approved a Continuing Resolution that will allow federal government funding for another three months, through December 8th.

 The EB-5 Visa Program for Foreign Investors, which allows direct access to the Green Card with no restrictions on work, education, age, etc, has been extended along with a number of other federal programs and US government priority expenditures, including grants for the recovery of damages caused by Hurricanes Harvey and Irma. Discussions on a possible reform of the EB-5 Visa Program, initiated some years ago, should continue regardless of the new extension deadline.

Among the changes under discussion are the increase in the minimum investment, currently US$ 500,000, greater incentives for investments in areas of lesser economic activity, and greater supervision of the agents and institutions involved by the Securities Exchange Commission.

The US EB-5 Visa Program is one of the best immigration-by-investment programs in the world, providing lifelong Green Card for citizens of any other countries who invest in businesses that create jobs in the USA, even if they do not actively participate in the management of these enterprises.

Investors also do not need to have command of English, specific training, experience or entrepreneurial profile, etc. They also do not need to live in the region of the investment, or work, study or engage in any activity in particular. And the lifetime residency is extended to spouses and unmarried children under the age of 21 at the time of application for the visa.

Learn everything about the US EB-5 Visa Program here.

Visit our division specialized in the US EB-5 Visa Program for Immigrant Investors 

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