NEW YORK, June 13, 2018 /PRNewswire/ -- WIRE
Consulting, independent company specialized in International Real
Estate services, sees 5 top opportunities for American investors to
buy property in Europe.
Here is the ranking of the 2018 survey:
1. Valencia (Spain)
2. Paris (France)
3. Berlin (Germany)
4. London (United Kingdom)
5. Venice (Italy)
Reasons to choose Europe
1: The strong current US Dollar to Euro exchange rate. American
buyers can expect a positive outlook if choosing to invest in
European Real Estate.
2: Geo-political stability throughout Europe and market performance benefits.
3: European cities are best known and appreciated for their
culture, history and cuisine.
4. Excellent standard of living as well as an opportunity to
amplify investments in real estate.
As a result, European real estate purchases made by American
citizens have increased since last year (UK +2.6%, Spain +2.5%,
France +2.4%, Italy +1.9% and
Germany +0.85%).
Valencia
Valencia has seen an increasing presence of foreign buyers after
its market crisis. With relevant capital inflows, infrastructural
projects have since been under development, selling for an average
price of $195/sq. ft., half that of
those in Madrid and Barcelona. The percentage of foreign investors
on overall real estate transactions in the central area of Valencia
is more than 30%, 18.2% higher than 2017.
Paris
Paris has also seen a growth in its market after a period of
political uncertainty, thanks to undergoing urban requalification
projects. Its real estate market continues to see stability,
offering relevant appreciation margins and high transaction costs.
Property prices have risen since 2017, reaching $1,012/ sq. ft.
Berlin
Berlin has seen a 8.9% increase
in price per square foot since 2017, averaging $450/sq. ft. in the city center and $380/sq. ft. in the suburbs. Although apartment
sales have slightly decreased, attic flats and penthouses have
shown a large increase in total transactions due to the strong
demand of international investors.
London
Known to be the most developed financial sector in Europe, London attracts 69% of international buyers
compared to the 31% of national ones with average price per square
foot landing around $2,260.
Venice
The uniqueness of Venice makes
it a wonderful place to own property for both personal use and
investing. Average prices in the cheapest neighborhoods average
around $390-$545 sq. ft., whereas fully restructured luxury
properties in top-locations range from $1,338 sq. ft., to $2,230 sq. ft.
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SOURCE WIRE Consulting