Britain’s wealthy are looking to the U.S. for real estate opportunities. Luxury homes values in London’s most expensive neighborhoods rose 24% last year and have already risen 27% this first quarter over last year’s first quarter. The price surge is expected to continue, driven by foreign real estate investors, record-breaking bonuses paid to London bankers, and a housing shortage. According to a recent Bloomberg article, homes valued at over $10 million have increased in value by an average of 50 % over last year.

British homeowners are faced with new tax laws that have doubled property taxes for some homeowners while absolving foreign investors from having to pay British taxes. Faced with exorbitant home values and stiff tax penalties, many British home buyers are taking advantage of the pound’s strength, which has been worth almost twice as much as the U.S. dollar in recent months. Add to this mix the security concerns and language barriers many are finding in other countries, and American properties quickly become an affordable and exciting option. For the savvy luxury home agent, this provides a clear opportunity to target a potentially fruitful demographic of international buyers.

click here for article

search for : foreign real estate investors