08.11.2012 - 4 top real estate markets for foreign buyers
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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