European investors look to California real estate
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Europeans are more interested in California real estate than ever, according to a recent study by the real estate website, Trulia.
Based on global web traffic to view real estate listings on their site, Trulia reported the top 50 metro areas in the U.S. that Europeans are eyeing. Seven of the top 50 cities were in California, with Los Angeles coming in first and San Francisco ranking fourth.
first tuesday take: The resurgence of foreign interest in California real estate has to do with the confluence of two very powerful factors: anticipated shifts in global currencies (the Euro in particular) and the encouragement of foreign investment by newly developed U.S. housing policies.
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About The Author
Jeffery Marino
is an assistant editor and lead on our first tuesday news alerts, specializing in critical economic analysis and its impact on California’s real estate market.
This is very true. On http://www.revestor.com our European traffic is coming from 1.) Germany, 2.) United Kingdom, 3.) Poland
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