Property prices in the USA
Over a third of the world's nationalities own property in the USA, with buyers from the UK, India, China (PRC, Hong Kong, Taiwan), Canada and Mexico accounting for nearly 50% of all property deals with foreign citizens.
Most of those eyeing real estate in the USA target New York, Florida and California.
New York City property attracts a wide range of buyers, from business people and investors to immigrants. Manhattan still has the most prestigious commercial and office units in the city, chosen by
Brooklyn is another popular residential area outside Manhattan. Brooklyn Heights, Dumbo, Williamsburg and Park Slope are the best neighbourhoods in the borough. The Bronx, Queens and Staten Island are not the most sought after destinations but prices here are lower than in Manhattan or Brooklyn and houses sell at around
Brownstones are one of New York's landmarks. Built during the late 19th and early 20th centuries, they earned their name from the
Florida ranks first among the states for property purchases by
Property in California lost some of its value in the aftermath of the
The other states are primarily targeted by property investors or employees of US corporations. For example, entrepreneurs buy hotels and casinos in Las Vegas while the real estate market of Houston draws those working in the oil industry.
The southern and western states are popular holiday destinations. Utah is famous for the Snowbasin Ski Resort that hosted the 2002 Winter Olympics. A detached house here can be rented for
The Rocky Mountains are popular with sports aficionados that enjoy skiing, cycling, rafting and hiking. Colorado’s Copper Mountain offers condo hotel apartments for
Lake Tahoe, where California and Nevada meet, has excellent opportunities for downhill and
The Great Lakes on the
Hawai is another famous destination with many resorts and historical landmarks. Houses in Honolulu cost from $200,000 to several millions of dollars and rental villas on Maui, Hawaii, might cost $1,000 per night.
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