With many US investors weary of the US housing market and property investments, foreign buyers aren’t shying away. With a weak US dollar worldwide as well as the US offering a stable, tried and tested economy the number of foreign purchasers of Real Estate has increased over the last 5 years according to a survey of Real Estate professionals saying that a quarter had reported growth.
67% said that their number of foreign purchasers had remained steady and only 8% said their number had dropped. Interestingly whilst the number of Americans buying second homes fell, the number of foreign nationals purchasing second homes was at 22% in 2006.
With Malibu’s diverse Real Estate Market, it truly offers something for all investors, if you are a foreign national thinking about a Malibu property then please get in contact and Judy will be more than happy to walk you through the process of buying a luxury Malibu home! 310-317-8396
