What Do Tucson Homes and Foreign Dollars Have In Common?

Since my earlier article Everything Canadian Home Buyers Want To Know About Tucson Real Estate I have been seeing more about foreign investment in American real estate. It goes beyond Canadian buyers. It makes perfect sense for Foreign Investors as well as second home and vacation home buyers to look into the sun belt for another home. When the American dollar is weaker than currency in other parts of the world, why not invest in American soil?

Roberta Murphy wrote an excellent article in her Luxury Home Digest about foreign investors. Canadian and other foreign investors are looking at San Diego, Scottsdale, and Tucson. On the local Tucson news station a fellow Realtors commented about the trend she is seeing for Canadian and other foreign home buyers who are looking for luxury homes valued in the millions. As of the date of this writing $1,000,000 Euro is the equivalent of $1,435,300 American. So that average home price in Tucson of $269,968 would cost $188,091 Euros. Not a bad investment. Now that investors know what they can get in Tucson, what else is available?

Let’s see, no hurricanes, no constant rain with massive flooding wiping out barns, no tornadoes, no winter blizzards, no California earthquakes. Hmmm. Lots of sunshine, ability to wear short sleeve shirts in the winter, more golf courses than you play in a month if you played every day. PGA events like the Accenture Match Play. Close to the Mexican border for shopping. An airport that rarely sees delays from local weather, if ever, giving access to the entire world. Mountain, city, and sunset views that will take your breathe away. Local attractions like the Sonoran Desert Museum and Old Tucson Studios. One of the oldest missions in the United States at San Xavier. A short flight to Aspen for skiing or the beaches of San Diego. Great restaurants of every level. And did I mention great weather?

Foreign and Canadian investors can find homes in Tucson that would cost much more in our sister cities of Phoenix, Scottsdale and San Diego. Leaving these savvy buyers money for more investments, and living life to its fullest. I say welcome to Tucson and enjoy the like many of us have known for years.

This entry was posted on Thursday, December 27th, 2007 at 12:25 pm and is filed under Tucson Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

Name (required)

Mail (will not be published) (required)

Website

Receive an email if someone else comments on this post?

Tucson Real Estate Blogs & Golf

Submit Email For Feed

Really Simple Syndicate

Categories

• Real Estate News
• Tucson Real Estate
• Tucson Golf Courses
• Tucson Golf Community
• Tucson Golf Events
• Tucson Golf Resorts
• Tucson News & Events
• Just Because

Archives

• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007

Favorites

Tucson Golf

• The Pines
• Tucson Municipal
• Starr Pass Golf Course
• The Gallery
• El Conquistador
• La Paloma
• Ventana Canyon
• Tucson National
• Arizona National
• Heritage Highlands
• Grand Valley GC
• Forty Niners
• Tubac Golf Resort
• Torres Blancas
• Canoa Hills
• Conoa Ranch

Blogroll

• Real Estate Tomato
• Tomato Blogs
• Tomato Tutorials
• SoundBiteBlog
• A Mortgage Guru
• Posh’d
• Consumer Mort Rep
• Central Denver
• Inspector Chronicles