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Source: Commercial Connections – National Association of Realtors (NAR)
New research from the Association of Foreign Investors in Real Estate may show that global buyers with long-term goals still have an appetite for U.S. real estate—but hard data from Real Capital Analytics shows that investment remains depressed and investors who are buying now are seeking out pandemic-proof properties.
In the four quarters ending in 2021 Q1, acquisitions by global investors (cross-border capital) of properties or portfolios of at least $2.5 million fell to $152 billion, a 38% decline compared to the pre-pandemic level in the prior four quarters through 2020 Q1. Industrial properties were the only asset class to see an increase, jumping 4%. Global investors pulled back on acquisitions of office (-42%), apartment (-36%), and retail (-70%). Despite the retreat, apartments still made up the largest asset class of acquisitions by investors, reaching a four-quarter total of $37.5 billion, still slightly ahead of total industrial acquisitions of $35.9 billion.
Read More: https://www.nar.realtor/commercial-connections/cross-border-caution
Opening of US borders
The opening of the US borders to Canada, Russia, Brazil and 30 other countries is already showing signs that there will be a strong flow of international investors looking for real estate in Florida. The already heated housing market is projected to suffer even more from the lack of inventory in the single family home segment and soon may pressure prices in the condo segment as well, which still offers great opportunities in the region.
About AMG International Realty
AMG International Realty is a full-service luxury brokerage firm in Florida. If you want to learn more about Florida real estate market, please contact us now and chat with me on WhatsApp: +1 (305) 318 6968 (Heloisa Arazi).