Favorable exchange rates, affordable home prices and rising affluence abroad drive international buyers to the U.S.
As fans of the series "Homeland" already know, the tense CIA thriller took a surreal turn this week, when Marine/Terrorist/Ex-Congressman Nicholas Brody suddenly appears in a bleak, urban landscape in the middle of Caracas, Venezuela.
With the death of Venezuelan president Hugo Chavez, the Miami property market may lose some of its most prolific buyers. Venezuelans accounted for 16 percent of the international purchases in Miami in 2012, the largest group of foreign buyers in the city, according to the Florida Association of Realtors' annual international home buyer study.
Who is helping the U.S. for-sale housing market recover these days? A good many Americans, of course. But to get a more balanced picture, look outside the U.S. Foreign nationals accounted for $82.5 billion, or 8.9%, of the $928 billion spent on U.S. residential real estate from April 2011 through March 2012, according a June survey from the National Association of Realtors.
The re-election of Hugo Chavez could trigger a new wave of Venezuelan investors into South Florida
(LONDON, ENGLAND) -- The hottest turf in the world today for commercial real estate investment is in Latin America. The coolest sites are in the U.S., Mexico and Canada. That's the fourth quarter 2009 assessment from the Royal Institution of Chartered Surveyors in London.