New Albany Ohio Real Estate: US Property being snapped up by Foreign Nationals - particularly from Canada
US Property is extremely attractive for buyers right now, with a large selection of properties available it is no wonder that buyers are snapping up the bargains. However, there are buyers out there who can advantage of an automatic discount due to their strong currency, can obtain financing based on their local credit and are accustomed to putting 20-25% down. Wondering who these mystery investors are? Well, the buyers who fit all these criteria are our friendly northern neighbors, the Canadians, who are coming to the US by the plane load looking to stock up on US Real Estate.
Central Ohio, with its major airport in Columbus, thriving economy and amiable four season climate is attractive to Canadians who are looking for a perfect slice of the American dream. The Canadian Dollar has rallied against the US Dollar in the last 8 years and is roughly at parity, meaning it is the most attractive time for Canadians to invest in the US for decades!
Eager to invest based on currency, a strong Canadian Stock Market as well as a robust real estate market, eagle eyed investors are staring at the US real estate market and knowing that the market will be stronger in the coming years want to invest now whilst they are benefiting from boom times in Canada.
New Albany makes a perfect city to invest in for Canadians due to its close proximity to Columbus International Airport which is one of the most well served in the country.
If you are considering purchasing a home in Columbus, the suburbs or the surrounding metro area communities such as New Albany then please contact The Raines Group for professional real estate advice. You can visit their website on: www.therainesgroup.com where you can access a complimentary MLS Search facility
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November 10th, 2008 at 10:01 pm
[...] stock market volatility, many are looking towards real estate to balance out their portfolio.Ā However, many are not aware that there is financing available out there for investors looking to [...]