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4 top real estate markets for foreign buyers

Posted on 08 November 2012

Wealthy foreigners from around the globe are taking advantage of America’s housing bust to snap up U.S. properties at cut-rate prices — helping the market rebound in the process.
“We’ve seen [foreign investors] buy $10 million to $20 million worth of houses in a single trip,” says Peter Loewy, CEO of Los Angeles-based Teles Properties. “They think this is a good place to park money, and it’s less expensive than the real estate back home.”……………………………………….Full Article: Source


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