Welcome to a new era in international real estate
Nick Churton of Investabroad Properties’ London office
comments on the international real estate market and offers some
encouraging words for buyers and sellers in North America.
“Welcome to 2016 and a new era in international real estate.
It promises to be an eventful packed year.
“Despite political union, Europe remains a stark continent of
huge contrast – north and south, left and right, east and
west. The relative wealth and power of the northern nations seem at
odds with the hardship and austerity currently experienced by those
in the south. It seems you can have a warm climate or a warm
economy but not both. The impact of middle-eastern turmoil, the
resulting migration of millions of people and terrorist atrocities
in cities such as Paris are affecting real estate buying decisions
across mainland Europe in a way not seen since the 2008 credit
“The UK - which is readying itself for a referendum later
this year to determine if it stays in or heads out of the European
Union forever - has also imposed higher real estate taxation making
investment less attractive to buyers from home and abroad and
adding to the malaise. Nevertheless, house prices in the UK have
risen ten per cent over 2015, mainly due to low inventory.
“With the economic slowdown, particularly in China and South
America, and the slump in worldwide oil prices, the appetite for
prime city-centre property has been blunted in many places globally
for the time being at least.
“There is plenty of worrying news to concern international
real estate buyers. But, in any financial cycle, there is usually
at least one world region which offers investors a safe and
attractive place to live and to enjoy the benefits of a secure
culture. Right now that is the US. With the economy there steadily
improving and pockets of exciting opportunity across the nation,
not to mention many areas of warmth in climate and welcome, the US
offers real estate buyers the safe haven they crave.
“No market likes uncertainty and the upcoming general
election in the US later this year provides plenty of scope for
some of that. This will naturally intrigue overseas observers who,
no doubt, will have concerns. But despite this North America still
provides many exciting opportunities. From a lengthening list of
key city investment locations headed by New York to the foremost
leisure and vacation areas, the US and Canada should once again be
the countries of real estate opportunity in 2016.”
During the first few weeks of 2016, Investabroad Properties will be
working hard to research many of the best investment opportunities
now available in the USA and Canada and to add these to its
portfolio. However, there is no need to wait and, if you have
either specific or general property or investment requirements,
contact us immediately, as we can probably find the right
opportunity for you.