Super wealthy move into California real estate market
As the USA real estate market continues to show signs of recovery wealthy international property investors are turning their attention to the California real estate market.
Over the last few years cash rich investors from across the globe have dominated the high end real estate sector in the London property market buying luxury properties in some of the most select areas which has helped to push up prices in the UK capital and now keen to avoid the troubled Eurozone markets the US markets are proving particularly attractive.
The state of California is the financial centre of the US West Coast and is already home to countless foreign billionaires and the district is more suitable for business entrepreneurs with interests across Asia.
Massively discounted foreclosure properties often paid for in cash by the wealthy investors offer the promise of strong rental prospects in several locations leading to great investment returns.