Home prices are location-based and as prices fall during economic downturns, they present opportunities for several buyers.
A dream home in America! Who doesn’t want to be the owner of a prime residential address in the US? If that’s one of your life goals, Stockal can help you reach there with investment opportunities in the US markets.
Many Indians have already made the move. According to US-based National Association of Realtors (NAR), Indians had invested about $7.8 billion in prime residential real estate in the US about three years back. In fact, Indians remain a serious buyer of residential real estate in the US and are nearly the fifth largest investors in real estate in the US.
A decent 3 bed-room home in the US could be available anywhere between $1,00,000 and $3,00,000 or even higher. A 2000 sq.ft. 3 BHK apartment in Gurugram costs around Rs 1.75 crore. At the same cost, a home in several cities in the US, including Florida, could be yours.
Home prices are location-based and as prices fall during economic downturns, they present opportunities for several buyers. Prices vary as per locations in urban US areas and Downtown locations. Also, the reasons to own a home vary as someone will want to reside there while some others could be using it for investment purposes by putting it on rent.
You can even put your US home on rent or keep it for short stays. The demand for short stays is high in tourist locations. In fact, the rental yield on short-term stays in an attractive tourist destination can be a better option than putting it on for a long-term rent. The rising work- from-home culture among workforce raises demand for apartments around offices or even in far-flung suburbs.
The key to owning such a property would be dollar earnings and wealth creation. By investing in the US market opportunities through Stockal, you can start building that corpus to buy real estate in the USA.