Real Estate World Market News Effecting Rhode Island
The DiSpirito Team - HomeSmart Professionals - 501 Centerville Rd Warwick RI 02886
Emiliodiv@gmail.com - 401-359-2338
INTERNATIONAL INVESTMENT WILL PLAY A HUGE ROLE IN OUR COMMERCIAL REAL ESTATE SECTOR IN 2016.
The National Association of Realtors and MLS do not miss a beat! There is NO DOUBT in my mind, that NAR played an intricate part of assisting Congress in their
Federal Real Estate Tax Policy for 2016 see the opportunity and security our county can have when allowing foreign real estate investment trusts and pensions to invest in our real estate on a larger scale.
The amazing thing is how fast MLS was to act on a partnership with Juwai.com, the leading real estate search site in China to allow access to our MLS here in the states. Perfect timing to get those overseas investor para-scopes on investment opportunities here in the United States!
Get this, Chinese online traffic alone for Rhode Island property searches has skyrocketed up 36.8% over last year. With the proper search infrastructure in place, you can bet your bottom dollar that Rhode Island along with all other states will see an influx of foreign investment money pouring in our economy.
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| International Real Estate Internet Traffic |
In my estimations, you will see a heavy interest in Rhode Island commercial and residential real estate due to our location between New York City and Boston with easy highway, train and airport access. Aside from having an amazing deep water port (that we do absolutely nothing with... WHAT?!) we have an amazing cultural hub here as well as some top schools in higher education such as Brown University, Bryant University, University of Rhode Island and Rhode Island School or Design which is attractive to investors.
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| Rhode Island Commercial Real Estate |
Bureaucracy and poorly ran State Government with harsh business regulations will play a stronghold in making sure that commercial real estate prices do not skyrocket to their truest potential. With a Government that is 1/10th more focused on business than what we currently have, we will have a Government that is focused on job creation, lower taxes, better education and an overall high quality of life while keeping our cost of living affordable enough to keep
America's wealthiest group of citizens from moving out!
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| In order to capitalize on this RI needs to focus on business |
Some interesting facts
- Investment in American Real Estate from the Chinese has increased 10x over since 2010.
- Over $220 Billion in American real estate investment through China alone is expected by 2020!
- Aside from The United States as being the number one place to invest in real estate, Australia came in second followed by Canada & the United Kingdom.
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