Recent trends have shows that Canadians are buying Arizona real estate more than ever in the recent past. Weather it is Florida Real Estate for Canadians or Arizona real estate, Canadians are making a big splash in the U.S real estate market. In fact, figures show that Canadians have surpassed Californians in buying Arizona real estate and this could be due to many reasons.
The U.S property market is still recovering and many real estate investment buyers are taking advantage of the low property prices in many hard hit areas. To understand this trend of Canadians being the top real estate investors in Arizona some things have to be understood.
Currently there are certain factors, which are making things favorable for Canadians Buying US Real Estate. These factors may not remain the same and hence Canadians should take full advantage of them and buy real estate in Arizona at the earliest and in these very favorable conditions. The basic favorable trends making real estate in Arizona so attractive are landlord laws, low property prices and a desirable location.
The first favorable trend for Canadians buying U.S real estate and particularly in Arizona is the low property prices. Home and property prices have been consistently falling for the last four years. Some areas of Arizona have seen a fall in prices of up to 50%. This has incited the Canadians into buying property in the state that are guaranteed to yield a much higher rate of return than in any other place. Arizona was among the worst hit areas in the fall of the real estate market in the United States.
Canadians sitting on cash can buy two or even three homes or properties in the state while they could buy only one property in Canada. Once these properties are given on rent they are returning nearly twice, of what other properties would in other parts of the U.S and Canada. The other reason, which makes investment favorable for Canadians in Arizona, is the favorable legal system related to renting properties.
If an investor finds himself in a problem with a tenant who refuses to pay the rent or vacate then he can seek the help of the legal system for the Florida Real Estate for Canadians. This is true for most other states in the U.S but it takes only a few weeks in Arizona while it can be a long drawn process in any other state. Canadians holding properties in Arizona can relax even if they live so far away from their investment. They can rely on the service of good property managers who can take legal help in the case of a problem with the tenant.
The Canadian investor need not make trips back and forth from Canada and his problem will be solved within a few weeks. The third condition, which makes real estate investment in Arizona so favorable, is the fantastic location of the state. Arizona has perfect weather and ideal locales for recreational activities like hiking, biking and golf all year around. Canada is all frozen up in winter with little option for outdoor activities and many Canadians head south to escape the harsh winter. If Canadians own a property in Arizona then they can comfortably travel to the state in winter and enjoy a fantastic winter season.
The U.S property market is still recovering and many real estate investment buyers are taking advantage of the low property prices in many hard hit areas. To understand this trend of Canadians being the top real estate investors in Arizona some things have to be understood.
Currently there are certain factors, which are making things favorable for Canadians Buying US Real Estate. These factors may not remain the same and hence Canadians should take full advantage of them and buy real estate in Arizona at the earliest and in these very favorable conditions. The basic favorable trends making real estate in Arizona so attractive are landlord laws, low property prices and a desirable location.
The first favorable trend for Canadians buying U.S real estate and particularly in Arizona is the low property prices. Home and property prices have been consistently falling for the last four years. Some areas of Arizona have seen a fall in prices of up to 50%. This has incited the Canadians into buying property in the state that are guaranteed to yield a much higher rate of return than in any other place. Arizona was among the worst hit areas in the fall of the real estate market in the United States.
Canadians sitting on cash can buy two or even three homes or properties in the state while they could buy only one property in Canada. Once these properties are given on rent they are returning nearly twice, of what other properties would in other parts of the U.S and Canada. The other reason, which makes investment favorable for Canadians in Arizona, is the favorable legal system related to renting properties.
If an investor finds himself in a problem with a tenant who refuses to pay the rent or vacate then he can seek the help of the legal system for the Florida Real Estate for Canadians. This is true for most other states in the U.S but it takes only a few weeks in Arizona while it can be a long drawn process in any other state. Canadians holding properties in Arizona can relax even if they live so far away from their investment. They can rely on the service of good property managers who can take legal help in the case of a problem with the tenant.
The Canadian investor need not make trips back and forth from Canada and his problem will be solved within a few weeks. The third condition, which makes real estate investment in Arizona so favorable, is the fantastic location of the state. Arizona has perfect weather and ideal locales for recreational activities like hiking, biking and golf all year around. Canada is all frozen up in winter with little option for outdoor activities and many Canadians head south to escape the harsh winter. If Canadians own a property in Arizona then they can comfortably travel to the state in winter and enjoy a fantastic winter season.
