The Hendriks Group - Miami Real Estate Broker

Foreign investment is strong.

Originally uploaded by TheHendriksGroup

Due to a weaker dollar and the hesitance of the local population, foreign buyers are buying our bargains in droves. At fire sale prices, overseas investors would be crazy not to take advantage of the economic cards they have been dealt.

We see this cycle happen every so often, that of the boom then bust - fire sales - exhumation - boom. While things are a little different the overall picture appears the same. These investors are able to see growth and stability in Atlanta. I agree.

A few quotes from the AJC article.

“Despite slowed sales and an oversupply of unsold homes, Atlanta’s home
prices are showing only a 2 percent decline, ranking it fifth among metro markets nationwide for price stability.

That stability, and the promise of future growth, is attracting a meaningful share of foreign investment.

Names like Trump and W sell well among foreign buyers, Haynes said, because they are known and trusted.
AIG, which owns Atlantic Station, also invokes worldwide recognition.

Some of Atlanta’s foreign real estate investors buy in bulk, such as clusters of condo units or whole floors of buildings, but others make single-unit purchases to be rented or used as a base for U.S. travel.”