Southlake Luxury Real Estate is Becoming More International
Now more than ever the wealthy are increasingly becoming citizens of the world. Driven by a weaker US dollar, more wealthy foreign home buyers will continue to view U.S. real estate as the ultimate bargain. The common elements these international buyers seek are areas which offer attractive lifestyles and sound real estate investment opportunities. At the same time, more wealthy Americans will entertain a second home or possibly a retirement home purchase abroad. Many of the “super-rich” seek tax shelters in locations which will increase real estate purchases at the über level.
Key points:
- Major US markets like the Dallas-Fort Worth Metroplex offer a growing opportunity and interest from the international home buying segment due its market resilience.
- More wealthy American home buyers are seeking to make an overseas real estate purchase for 1. obvious tax reasons and 2. a lifestyle change and chance for more privacy.
- Those with the have-yachts desire to distance themselves from the have-nots. There is a growing disparity between the super-wealthy and those with less income producing power will cause some of the super-rich live a life “under the radar.”
- Greater exclusivity is the name of the game. This means remote exotic international locations primarily serviced by private air strips, deep-water yacht clubs and heliports are growing in popularity. Hot international locales might include Costa Rica, Baja Mexico and other warm water climates possessing solid real estate investment opportunities.
- Many wealthy international and American real estate buyers are careful to buy “green” meaning they are eco-sensitive home buyers. The green wealthy buyers are looking for properties built with Eco-friendly systems that incorporate energy-efficient HVAC systems, building materials made from recycled products and many other earth-friendly products that reduce a “carbor footprint.”
Coming Soon to the Southlake Real Estate Blog?
In the future expect to read about the “Passport To Luxury Home Tour” presented in cooperation with Garabedian Properties. If you have a topical request for the Southlake Real Estate blog, be sure to leave a comment and let me know what you would like to read about.
I encourage you to be the first to comment and let me know your thoughts on the direction of the Southlake luxury real estate market.
Until my next post,
Sharon