Thursday, October 7, 2010

Foreign buyers see big opportunity in housing bust

If you are working with foreign buyers, or thinking of it…..read this article and then decide that you MUST educate yourself on the nuances of how to structure their purchases and sales in the U.S.   

“I have never seen such a high concentration of foreign nationals acquiring real estate,” says Peter Zalewski, who has been in real estate for 15 years and founded Condo Vultures, a consulting and brokerage firm. “Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented.”…read on……Foreign buyers see big opportunity in housing bust

Forbes Real Estate Today