The cloud of protectionist policies hovering above has not stopped Indians from investing into real estates in the US. With real estate investments fetching USD 7.8 billion, year ending March 2017, India is the 5th largest real estate investor in the US.
The Indian investors majorly purchased the properties for either kids studying in the US or for primary residential purpose. This shows that the political and economic qualms did not keep Indian investors at bay.
Meanwhile, China tops the list of real estate investors in the US. Property valuing close to USD31 billion was acquired by Chinese citizens. The Canadians, Britishers, Mexicans and Indian followed the rank respectively.
Aggregately, foreign buyers own residential property worth USD153 billion in the US. The figure shows a high jump of over 12 percent when compared to the USD102 billion worth property brought by foreigners in US.
While the Dollar already makes future real estate investment in the US very expensive, fear of weaker local currency when pitted against dollar prompts the buyers to fasten their purchases.