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Dropping real estate prices, weak dollar attract foreign investors searching online

Posted by Elena del Valle on October 15, 2008

By Brian Requarth,
Founder, VivaReal.com

hmprbrianrequarth.jpg

Brian Requarth, founder, VivaReal.com

Photo: VivaReal.com

Can you imagine buying real estate before actually seeing the property? Believe it or not, real estate agent in Miami, Ines Hegedus-Garcia has had multiple clients from outside the country do just that and she owes it all to the Internet (and her great service of course). “About 30% of our business is foreign nationals and we expect that number to grow.”

For international investors it is a perfect storm, dropping real estate prices and a relatively weak dollar against most major currencies is resulting in foreigners buying up single-family homes, condos and commercial real estate.

Click here to read the complete article


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