Foreign Buyers in Central Texas - 12/26/07 11:41 AM
written by Suzanne Gantner, GRI Sky Realty Austin Texas
There is a fairly old trend gaining recognition again.  With the Euro dollars jumping a mere 34% against the American dollar, Europeans are buying properties in the US. at record rates.  According to the Austin American Statesman in a recent article, euro dollars have risen 47% since 2002.
With the US housing crunch, we've become more appealing and affordable to foreigners. When you compare what you would have to pay over seas as opposed to what you can buy here it is a bargain to buy here. Let's say in Austin, you can buy a 5,000 sq. … (3 comments)