Sentences with phrase «foreign real estate buyers»

Foreign real estate buyers continue to strengthen the Miami and South Florida real estate market, accounting for 36 percent or $ 6.1 billion of total sales volume.

In a broad show of support for increased scrutiny of foreign real estate buyers in the United States, 17 nonprofit organizations on Tuesday urged the Treasury Department to require that the real estate industry verify the identities of buyers and screen them for potential money - laundering risk.

Rick Sharga: We've been tracking the enormous interest in U.S. properties by Chinese investors — last year, Chinese investors were the second - largest group of foreign real estate buyers in America, second only to Canadians — and have been exploring ways to reach these investors more effectively and efficiently.

Ontario also thinks the solution to the problem is levying a tax on foreign real estate buyers.

The 15 per cent tax on foreign real estate buyers enacted this summer may have dampened foreign interest and will continue to do so in the short term, but Vancouver will remain attractive to investors from other countries, according to an RBC Economics report released October 12.

On August 2, 2016, British Columbia (BC) introduced a new 15 % property transfer tax on foreign real estate buyers in Vancouver, intended to calm soaring prices in the province.

In a surprise move, British Columbia introduced a new 15 percent property transfer tax on foreign real estate buyers in Vancouver on Monday, action intended to calm soaring prices.

Given the 15 % property transfer tax on foreign real estate buyers in Metro Vancouver, though, British Columbian's should not expect a flock of Trump exiles to re-fuel Metro Vancouver housing market anytime soon.

The number of foreign real estate buyers in IOUSA has increased dramatically since the late»90s.

A 2015 study by the National Association of REALTORS ® showed that buyers from China made up 16 percent of all international buyers locking in single family homes in the U.S., jumping from 12 percent in 2013, inching above the long - standing top foreign real estate buyer, the Canadians.

Not exact matches

There's little doubt that Canadian real estate is an attractive market for foreign buyers these days.

The levy, effective immediately, targets foreign buyers who are flipping properties or using real estate to park cash.

Tal says his unscientific research into the subject — consisting mainly of a recent dinner with over 20 real estate brokers and agents who deal exclusively with foreign buyers — led him to believe the number of «pure» foreign purchasers in the Canadian real - estate market is «probably much smaller than perceived by many.»

Tim Syrianos, president of the Toronto Real Estate Board, said the decline in activity has less to do with foreign buyers and more to do with potential homebuyers waiting to see how the market plays out.

«Most [purchasers] are returning to Vancouver as the market is hot even with the foreign buyer tax,» according to Parham Mahboubi, vice-president of planning and marketing at Qualex - Landmark, a real estate development group in Vancouver.

Online searches don't always translate into sales, of course, and some in the real estate are skeptical foreign buyers will turn up in a big way.

The Real Estate Board of Greater Vancouver released the data a month after the British Columbia government implemented a 15 - per - cent tax on foreign buyers in Metro Vancouver in an effort to chill one of the hottest markets in North America.

The luxury real estate market has softened nationally as more ultrahigh - end buildings are coming online around the same time, with fewer foreign buyers entering the fray.

The group that loses out the most from the sale of residential real estate to foreign owners is everyone who works in the Vancouver area and earns Vancouver wages, but has to try to find housing in a market distorted by buyers who don't work in the Vancouver area and earn Vancouver wages.

We know a lot from various kinds of evidence: a) the experience of the real estate sector, where recent studies by Macdonald Realty and Re / Max have confirmed the dominance of foreign buyers at the top end of the market especially, as stated for years by individual realtors (accounts often denigrated as «anecdotal»); b) there is the digging of several investigative journalists, and most notably by Ian Young of the South China Morning Post who has boldly and effectively raised issues native journalists have sometimes shied from; c) academic work, including the books by Katharyne Mitchell (2004) Beyond the Neoliberal Line and David Ley Millionaire Migrants (2011).

Other investors such as mutual funds, ETFs, foreign buyers, banks and real estate investment trusts (REITs) could keep the demand for MBS high.

Now the astute observer might point out that the bulk of the decline in sales was seen in areas popular with buyers from mainland China — which also happens to be the main region that most believe is the source of the majority of the foreign capital flowing into our real estate market.

Tal says his unscientific research into the subject — consisting mainly of a recent dinner with over 20 real estate brokers and agents who deal exclusively with foreign buyers — led him to believe the number of «pure» foreign purchasers in the Canadian real estate market is «probably much smaller than perceived by many.»

Toronto's real estate market may be cooling down due to the 15 - percent tax on non-resident foreign buyers included in the recently implemented 16 - piont Fair Housing Plan in Ontario, reports thestar.com (1... Per saperne di più >

Horgan said that the new B.C. Liberal tax on foreign nationals will not focus on speculative investment — the activity that is distorting real estate prices in B.C. — but rather on the citizenship of home - buyers.

-- whatever dip in Chinese buyer demand there isn't due to the raised foreign buyer taxes, but rather because of its real estate prices that are overpriced.

Vancouver has pointed its finger and told local residents (and the world) that foreign buyers have been gobbling up homes and making real estate prices rise in lock - step with their purchasing power.

Besides including trends in target pricing, motivation, and levels of interest between conventional and top - tier real estate in Vancouver, Calgary, Toronto, and Montreal, the report also notes differences in the impact of the recently introduced 15 % provincial property transfer tax on foreign buyers in Metro Vancouver.

Government numbers earlier this week showed that the province's foreign buyer's tax on real estate has curbed offshore investment and hosed down a feverish Toronto region housing market.

As Donald Trump prepares to officially become the next President of the United States, real estate experts ponder how his policies will affect foreign buyers, reports Inman (21 November 2016)....

While the new proposed NSW surcharge on foreign property buyers is supposed to free up more housing for local first - time homebuyers, many real estate experts believe it would only hurt... Ler mais >

Despite lending restrictions and foreign buyers taxes, Chinese property buyer interest in Australian real estate is on the rise again, reports Reuters (24 November 2016).

Juwai.com Co-CEO, Andrew Taylor recently shared four top tips with Real Estate Business on how to attract more foreign buyers via the power of the website (20 February 2014).

«The accumulation of real estate is an integral component of their overall investment strategy, and as such, the foreign buyer tax is not a deterrent,» he said.

Toronto's real estate market is rising on the back of the British Columbia 15 % foreign buyer tax implementation, reports the Globe and Mail (17 February 2017).

Over the past year, Chinese regulators have tightened their clampdown on foreign investment, detaining several of the country's most prolific New York real estate buyers, including Anbang Insurance Group's Wu Xiaohui and Fosun International's Guo Guangchang.

(Page 135): «In much of the rest of the world, it is not possible for a foreign buyer to borrow money locally for the purchase of real estate...»

Real estate agents will be required to market farmland worth more than $ 15 million to domestic buyers before it can be sold to foreign investors, under new Federal Government rules.

The Ontario government moved earlier this year to cool the Toronto real estate market, bringing in more than a dozen measures including a 15 per cent tax on foreign buyers.

The board says foreign buyers represent a small part of the real estate market and the decline has more to do with potential homebuyers waiting to see how market conditions evolve.

As the Ontario government looks at some type of foreign buyer's tax, we have to look at not only the other factors of home price increases but also at the real estate industry as a local economic force that provides stability and income in this era of hyper - low interest rates.

When asked about foreign buyer activity in their area, 58 % of real estate agents believed that less than 10 % of luxury real estate purchases in the province were made by foreign buyers.

He adds that the recent dip in value of the Loonie has also made real estate investment in Canada a more attractive proposition for foreign buyers.

The top three factors motivating foreign buyers to buy in Ontario were: (1) a stable real estate market; (2) a stable financial system; and (3) a stable political system.

Government statistics show declines in real estate transactions involving foreign nationals since the introduction of the foreign buyers tax.

The data comes a month after the B.C. government implemented a 15 - per - cent tax for foreign buyers in Metro Vancouver in an effort to cool down one of the hottest real estate markets in North America.

She said the buyers» real estate agent won't reveal whether the clients are foreign but has floated the idea of the couple helping to pay part of the 15 - per - cent tax.

According to theRoyal LePage Carriage Trade Luxury Properties 2016 Report, Canada's luxury residential real estate market has seen a notable increase in foreign buyer activity over the last 10 years, with some realtors suggesting that more than 25 % of luxury properties now purchased by foreign buyers.

By comparison, figures released Tuesday by Vancouver's real estate board showed a 32.6 per cent drop in sales transactions compared with September 2015 — prior to a new 15 per cent provincial tax on foreign buyers that came into effect in August.

Last month, the Toronto Real Estate Board released a survey of its member realtors estimating that fewer than 5 per cent of resale transactions in 2016 involved foreign buyers.