Global Demand of Real Estate is Carrying US Market
International Real Estate demand has long fueled the US markets. But how big is the impact? To say it's evident would be humble!

NEW YORK, NY, January 20, 2012 /24-7PressRelease/ -- As many of us real estate professionals all over the United States know, the international buyer is contributing enormously to the recovering US real estate market. As mentioned in last week's Business Week article "Trouble in China's paradise", the Chinese themselves and especially foreign investors are careful to invest into one of the most volatile and strongly politically influenced real estate markets. Europe's currency is too strong and investors from Russia or rich European countries don't know which ones of their European neighbors will default on their borrowed money next and see their property prices tank like it's 2007.

Leaves one logical conclusion! United States Realty! Stable political climate, bottomed out prices, or at least not much more left to discount and, of course, last but not least, recently strong corporate and economic data and surging stock markets, leads investors to believe that America is the right choice to park their hard earned Euros, Yens or Francs, once again!

To help fill this never seen before foreign demand for US real estate, Klockle extends its period of free manually uploaded listings. Go to http://www.klockle.com/ to create a free account. All you need is your email address and choose a password and start showing your listings worldwide in 82 countries! With 1000's of page views a week that's a smart thing to do!

Of course especially in cities like New York, Miami and Los Angeles the evidence of foreign investors snatching up lowest priced realty deals is overwhelming.

Chinese speaking real estate buying bus tours in California, helicopter skyscraper showings for Russian and Israeli billionaire investors in New York City. The daughter of a Russian billionaire, Yekaterina Rybolovleva, has broken New York real estate records by paying $US89 million for a huge Manhattan apartment, Forbes magazine reports.

Want to see the facts?

- In Miami, foreigners account for more than 65 percent of all condo and home sales, according to the Miami Association of Realtors (as printed it the New York Times, December 29th, 2011). Yes, two thirds, you are reading this right!
- In October 2011, Senator Charles Schumer (D-NY) and Mike Lee (R-Utah) worked together to put together a bill that if it becomes law will grant foreigners to the United States visas if they spend at least $500,000 on residential housing in this country.
- Read more about Russian real estate buyers on our KLOCKLEblog http://www.klockle.blogspot.com/2011/11/russians-on-move.html#more

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Press Release Contact Information:

Stefan Singer
Klockle
Sales & Marketing
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New York, New York
USA 10011
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