Buyers Guide to California - Education drives prices and rents
Global Mortgage Group
International Mortgage Specialist serving global clientele. U.S., U.K., Australia, Canada, France. All asset classes.
CALIFORNIA
“California, Here we come” Phantom Planet
We are super excited to kick off our “Buyer’s Guide to U.S. Real Estate” series, where we go in-depth into the main U.S. states for property investment purchases, starting with California!
We also have a surprise guest at the end of the month (see bottom of article)!
What’s not to love about the Bohemian vibes of San Francisco, the technology center-of-the-universe in Palo Alto, wineries in Napa, food in Yountville, golf in Steinbeck country, the quaint and exclusive Montecito, and year around perfect weather in San Diego.??
And finally, Los Angeles – Beverly Hills, Hollywood, Venice Beach, Santa Monica, Bel Air, Pasadena, Orange County – it’s almost endless.?
It’s no surprise that California is a favourite investment destination for our clients, both Overseas Expats and Foreign Nationals, primarily from: the U.K., Canada, Australia, Mexico, China, Hong Kong, Singapore, Philippines, Indonesia, Australia, France, UAE, Germany to name a few.
Want Home Value Appreciation and Rental Income Growth?
Education is key!
Job market growth is certainly a key driver for price appreciation and is normally driven by the new business formation in the area, but popularity as a living destination is driven by things like safety, cost of living, ease of transportation and quality of education, especially for families with young children.??
“Popularity as a living destination” in turn drives demand, home value appreciation, and strong growth in rental income.?
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Why is Education important?
In this week’s report, we will take a deep dive into Education – an important (if not the most important) factor for overseas property investors in determining where your next home purchase will be in the U.S.
With Foreign National buyers, in particular, the objective of owning real estate to earn income almost always comes down to “could I live there one day”??
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