foreign Archives - Rava Realty

Waiting for European buyers

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Foreign purchases of US residential real estate dropped in 2021 to $54.4 billion….$11 billion less than in 2010 and down from $77.9 billion in 2019….down from 2017 when $153 billion was sold! In 2016 $102.6 billion was sold and in 2015 it was $103.9 billion. The threat of more restrictive foreign ownership restrictions and curtailed visas for foreign buyers along with covid travel restrictions decimated this audience. I expect they’ll return now – especially European buyers – seeking a safe haven in the USA.

(source: Leonard Steinberg – Compass)

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Overseas investors are coming back to NYC

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The Covid-19 pandemic has made it almost unrealistic for international investors to purchase real estate in New York City and the United States in general. Either because of some objective impediments such as travel restrictions or uncertainty about what would happen at the market level, especially luxury and high-end investments.

However, some real estate agents, including us, are seeing a rebound in international interest.

With the easing of restrictions and pandemic measures, overseas buyers are enticed by the idea of getting discounts and the feeling that this window of time is already closing. In fact, according to the consistently ...

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The COVID effect: The surprising impact of the pandemic on Miami-Dade real estate

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Months of stay-at-home orders, growing numbers of infections and deaths, working remotely while the kids are attending school in the next room, stop-and-start business closures, and no end in sight to the COVID-19 pandemichave all had an unexpected impact on Miami-Dade’s real estate market. It’s just not what you probably think it is.

COVID-19 has turned out to ...

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