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American Real Estate in Foreign Currency - Canadian, Euro and British Pound

Anticipating a rate cut, the dollar lost ground to the Euro today - reaching it's lowest point ever. The US dollar also continues to lose ground to the Canadian dollar - reaching a low it hasn't seen since 1974.

It may not seem good news to many, but for those in the export business, this is very good news. And Real Estate is an American product which can be "exported". Canadians and Europeans have shown that they love to buy a little piece of the Untied Stated. And today, American real estate is much cheaper when you look at it from their eyes.

Below, I have graphed what the value of a $250,000 American home would cost in different currencies. This is from the beginning of 2007 until last week.

American Real Estate for Canadians:

American Real Estate for Europeans:

US Real Estate in the Euro

American Real Estate for Brtish Folks:

US Real Estate in the British Pound

Financing for second homes or investment properties for foreign nationals is available. The Arizona Mortgage Guru has details. While the article talks about Canadians, it applies to Euopeans as well.

Posted by Aimee Ghimire on 10/29/2007 04:26 PM

Comments (4)

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This post has been included in Arizona Information Maricopa County, AZ Information

4 Comments on American Real Estate in Foreign Currency - Canadian, Euro and British Pound

NOV

2007

Shailesh: I loved this information. I had no idea how we compared to other country currency. Thanks for the post.

NOV

2007

Shailesh

Do you subscribe to that site to be able to pull up these comparisons? They are powerful, and give me an idea for marketing in other countries. Would you please advise....?

In Central Florida, there are many British citizens who buy "holiday homes". I have seen increased activity over the past six months due to the favorable exchange rate.

NOV

2007

Teri - I'm glad you enjoyed the information. We've been fielding a few Canadian real estate questions lately because of this.

Bill - No, I don't subscribe to this information. The currency exchange rate is avaialbe through onda.com - I just used that data to calculate the cost of a 250K USD home.

Teresa - As I mentioned to Teri, we've been getting a lot of interest in Arizona Real Estate from Canadians too.

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