Most of us says
Location is everything when buying a property whether it's residential or commercial
Here in the Philippines it's no different but I don't beleive that's there's a bad location or else there's no one living in that specific location and I think it's a matter of choice
On the Global stage it's not only about the specific location but there are dynamics that home buyers and investors look for that leads to that specific location
There are lots of data that supports that the wealthy around the world buy assets in other countries becasue not only of the prestige that is attached to a certain property location but also the country itself is developed, famous, people are more disciplined, there is rule of law, low crime rate and easy to do business.
Brokers and real estate agents in these developed countries are lucky enough to have these clients because of these positive factors that give a major boost to their listings
A perfect example is the United States of America. Whether there is a recession or not People just want to go to the US
There is this article from Reuters.com that wealthy chinese buy US properties like their just buying t-shirts online without even seeing the property they entrust millions of $USD to real estate agents in the US
Wealthy Chinese become the biggest foreign buyers in Manhattan, New York according to an article by america.aljazeera.com
Probably in the next few years when every thing is in its proper place like infrastructure etc.; wealthy foreign buyers will also take a look at the country as a possible real estate investment haven.
Summary of 10 countries racing to buy US homes
- Germany
- Sweden
- Canada
- Australia
- United Kingdom
- Italy
- France
- Hong Kong and China
- Switzerland
- United Arab Emirates
This is according to USA TODAY United Arab Emirates being the number 1
If you like this article please leave a COMMENT below
Hearing that "It's not only about location" is definitely new to me! But it makes sense especially with how developed the country is! I understand how investing in yourself is sometimes really hard. But I'm glad you've put suggestions on how to do that. I'm not a real estate agent, but I think this principle can apply to other careers as well! Thank you! http://jimedgeworth.com/about-jim_32.html
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