What then is the reason why the US REITs would benefit from Brexit? Due to the growing values in commercial real estate, there would be a surge in foreign investors for US office, retail, and even apartment spaces.
Springfield, VA -- (SBWIRE) -- 07/08/2016 -- Amazing how the stocks of real estate investment trusts (REITs) jogged inversely with the Brexit-bashed US stock market on Friday.
As can be recalled, it was during fall when REITs interest began declining as the probability of higher interest rates prevailed over solid fundamentals in the real estate market. But with Brexit, REITs and the core of US real estate are now considered as the power players of the apprehensive investor. Truly, REITs are painstakingly offering yield for the US real estate market.
According to Sandler O'Neill's Senior REIT Analyst Alexander Goldfarb, any factor that would impel the 10 year lower is a positive indication for REITs.
What then is the reason why the US REITs would benefit from Brexit? Due to the growing values in commercial real estate, there would be a surge in foreign investors for US office, retail, and even apartment spaces. In fact, this has been happening already even prior to Brexit. But the pace is being accelerated chiefly because of Middle Eastern and Chinese money coming into the US brick-and-mortar markets. It can be noted that the constant flight to the safe harbor of American real estate properties in entry markets like San Francisco and New York mirrors unrelenting financial and political volatility in other parts of the world. UK's pronouncement to exit the European Union highlights the US investment thesis and could elicit a new beckoning of foreign capital inflows to premium and well-located assets.
Apart from New York which is being seen as large institutional investors as a store of value, it is now ideal for other US states to take advantage of the situation and start selling properties at higher prices. This "sell your home fast" opportunity is but a good position for homebuyers like Express Homebuyers to encourage sellers especially those in the Washington DC metro area to take advantage of their services in serving as proficient advisors for the real estate selling business.
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