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Middle Eastern investors
Date Added: November 03, 2010 07:05:22 PM
Author: opp
Category: Property

There has been a 140% increase in the amount of US property bought by Middle Eastern investors, according data from the National Association of Realtors. The total spend by investors from the Middle East and Africa rose from $1.1 billion in 2008-09, to $2.64 billion in 2009-2010.

Omer Ghani, CEO of Aquila Properties says “with the global financial crisis severely impacting the housing market in the US, re-adjusted pricing has put real estate investing within the reach of small and medium investors, which is now driving the growing interest from the region.”

Aquila Properties have launched a service called USInvest, which allows UAE nationals and expatriates to buy US properties at discounted prices.  

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