High prices in international housing markets, combined with the weakening US dollar and the current slump in US housing values, have foreign investors taking another look at American real estate investments, according to local Las Vegas agent Diann Tonnesen who has noticed a marked increase in international enquiries over the past few weeks. In response, her company has put in place a new system to streamline foreign national purchases which can be a bit more complicated.
Las Vegas, NV (PRWEB) October 2, 2007 -- With the high price of foreign property, investors are bargain shopping in the United States to take advantage of the favorable rate of exchange while it lasts. One of the most popular housing areas being scrutinized is the Las Vegas real estate market, said Glen and Diann Tonnesen of Prudential Americana Group Realtors, who have been local agents for more than 24 years and have a team of agents who work with them. "Over the past few weeks we have suddenly been deluged with requests from Canada and the UK in particular. Earlier this year we would maybe get five or six international emails a week. All of a sudden we are getting four or five a day. Most seem to be looking for second homes that are relatively inexpensive compared to their native countries."
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