With the U.S. economy still on the rise, real estate in the country is also on the escalation chart. Sellers are enjoying good prices for their properties while buyers are forking out additional money to own a piece of estate property in the U.S. However, once buyers become the owner of a prime property, they will no doubt be increasing their financial portfolio.
Countries that usually had the upper hand in investment land purchasing above the US are now trying to play catchup and might still have to settle for second place in the U.S.’s property rise. Other countries that are vying for top positions are China, Germany, UK and Japan.
Cushman and Wakefield reported that the U.S. was the top real estate earner worldwide in 2014. This top spot came after years of being beaten by other countries because of investor preferences. Although investors invested in other countries' real estate for different reasons, the main reasons however were based on price with location taking second place. China, which has been leading the U.S. for quite a while, even fell prey to investor preference with the U.S. getting the preference in 2014. So far, real estate properties have been soaring high in the country with some buyers scrambling to get the best properties at reasonable prices to buy.
Housing is making a big splash in the U.S., and home sellers are enjoying profitable sales of their houses. As buyers move in on the market to own properties, it is to their benefit that they employ an All-Star Property home inspector to make sure that they are not getting a raw deal in their quest to acquire a new secondhand home.
So how did the U.S. become the number one country for investment in real estate during 2014? Global market started getting smaller, and thus some international buyers turned to the U.S. to buy real estate to buy. With the country’s economy standing strong and in some cases even exceeding the expectations of many persons, real estate in the U.S. started climbing in the face of a weakened global economy.
Market share in the U.S. took off because of a drop in China’s land purchasing. Since China started showing a decline for investors buying lands, global real estate investments went down 6.4% to close at $1.21 trillion.
While China experienced a decrease in land purchasing, investment in the U.S. raised $4.10 billion, which is a 12% rise. Since 2014, the US showed a total increase of $324 billion or a 16% hike in property investments.
New York City proved to be the top properties that investors were going after with L.A. in second place then followed by San Francisco, Washington, D. C., and Chicago as well as Boston bringing up the rear. On the international level, New York has the number one spot, followed by London and Tokyo. In a survey carried out in 2014, information gathered about which cities in the U.S. are good destinations to live, work and play in, Nashville came out on top with Brooklyn, Portland, and Memphis following in the same order.
Global real estate markets are predicted to rise for the remainder of 2015. An estimated 11% of buyers are expected to hit the market and increase it to $1.34 trillion. The largest amounts of real estate investments are expected to take place in Central and Eastern Europe and will account for 30% of investments plunging into the market. Western Europe might rise to the challenge with a 19%, and North America might create a stir with 15%. However, nothing is concrete yet as these are all expected amounts and not the real thing.
As 2015 commences, the real estate market in the U.S. is being improved because of many investments going on. While the market performed well in 2014, 2015 saw it reinventing itself on a completely new level. Although the U.S. economy might be picking up at this time, still, many analysts and investors are unsure whether this trend of growth will continue in the future. Therefore, to them, one of the only trustworthy investments is real estate, and this positive outlook is what will drive the market to get even bigger.
The tech industry operating in the U.S. is continuously seeking new office space suitable for business operations. Workplace strategy innovations in the country are becoming a very competitive field nowadays.
So far, investors in the properties market are adapting to new changes, which are making way for occupier needs in the housing and office property environments to be dealt with on a lesser and larger scale as well. Still, as long as commercial real estate is suitable for investors, they will not hesitate to take advantage of the benefits they can garner from it. As occupier needs changes in 2015, investors in turn must try to adapt to these changes instead of throwing their hands in the air and giving up on the market.
2015 is a promising year for real estate investments and as global markets continue to lose or slow down their momentum, the U.S. market will continue to pick up, thus creating a safe-haven for investors, even if it is only just for a while. While the going is good for investors, they should try to get their hands on as much real estate properties as possible in an effort to stay on top and keep the flow of the greenbacks rolling in.
