Demand for Luxury Real Estate in Austin Fueled by Foreigners
Austin, TX -- (SBWIRE) -- 09/23/2013 -- Texas is simply a great place to invest. With open and direct policies and an overall entrepreneurial mindset, foreign investors are now making Texas an even greater place to live. Among it all, the diamond of Texas, Austin, shines with prosperous future. Recent numbers by the Austin Board of Realtors indicate that investment money coming from outside the United States now constitutes a massive 6.13 billion dollars helping fuel Texas future.
The huge demand for property in Texas is great, but the demand for high end real estate is even greater in Austin, Texas. International homebuyers are not only looking for luxury real estate by itself, but they want unique homes and Austin's internationally acclaim creative reputation definitively makes a great investment sales point. Realtors in Austin have seen an overall demand for exclusive properties in the "city of music". It is not uncommon for a broker to list a property and have multiple offers within the same week.
Austin's demand for luxury real estate is a definitive part of the foreign investment contribution to the state of Texas. Earlier this year, a prime real estate opportunity open in the famous Lake Austin Waterfront region; excitement about the newly revealed 145 acres and the overall demand for luxury homes drove the land value to an impressive 9.2 million dollar quote by Travis Central Appraisal District. As Austin continues to grow and offer even greater investment opportunities, there is little doubt that more and more foreign investment will help propel not only the capital of Texas but the Lone Star State as well.
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