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| Can Foreign Investors Drive Real Estate Price High as Compared to Local Investors? |
Real estate is one sector in which we all deal in but not
all of us have expertise in it. In other words, if you ask majority of the
people you interact with in your social circle will have little or no knowledge
about the real estate and how to buy, sell or rent a place with full authority
and information about everything related to it. That is why virtually all of us
rely on the services of a professional agent or real estate broker to offer us
what we need in this concern.
The Canadian real estate market is not a unique one when it
comes to the buying of selling of houses, plots, condos, etc. Just like any
other country, the influence of the foreign investors and the role played by
the local investors has a crucial effect on the prices of the real estate here.
We all know that foreign investment is vital for the growth of any country and
any sector regardless of the size of the country. Canada is amongst the biggest
economies in the world but not just the local investors can turn around things
when it comes to real estate prices and the ROI on them.
Only Foreign Investors Drive the
Price of Real Estate?
Don’t get an idea that only the foreign investors drive the
price of real estate, but they are a factor, nonetheless. The combination of
different factor, scenarios and the active role played by both the local and
international investors drive the price of real estate. Canadian market is
unique in a sense that, although, the land area is amongst the top 3 in the
world with some disputes over the exact area, there is just about 10%-15% area
which is habitable as the rest is forested or remain under thick ice or snow
cover all year round.
The reason mentioned above give little choice to investors
in terms of regions where they can invest as there are just a handful of big
cities in Canada, but options are there when it comes to types of real estate
here. For example, if an investor is looking for luxury condos Toronto for sale
or rent, he can easily do so as good options in this concern are available. But
what about the luxury real estate which most investors look forward to,
especially the foreign investors, as this can offer them the ROI they are
looking for. Let me shed some light on this aspect.
Luxurious Real Estate and the Role
of Investors:
Have you ever thought about the price of a real estate
project where the prices increased very quickly? A sudden surge in price of
real estate can be because of a huge investment from a foreign investor or
group of investors. Such rapid increase in price of an average place can make
it valuable and the real estate in the luxurious category. There is a flip side
to this aspect which I would like to discuss here for your understanding.
Foreign investors do invest in a luxurious place as they
deem it a sure-shot winning strategy to earn good ROI in less time. Imagine a
piece of real estate like city place condos which fetches premium price. The
price tag is what determines how much luxurious a property can become and the
potential it has to go on and become amongst the most sought-after properties
in a city like Toronto.
Investors looking for long-term investment they try to
invest in a large complex or new project just taking off and their involvement
can boost its rankings. A layman looking for an investment in this sector would
see this as a golden opportunity to make quick money. That’s one reason why
many people try to get their hand on a condo project that is likely to get the
attention from general public and will garner good price tag too in the not so
distant future.
Yup i think it is in some places where price for foreigners is high as compared to local people. Nowadays i am also looking to buy a property in Lahore but lit confuse where to buy. property in Lahore - buy house in Lahore
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