EU-Digest: Real Estate - Maine Real Estate Bargains for Europeans
Real Estate - Maine Real Estate Bargains for Europeans
The low dollar rate versus the euro and the depressed Real Estate Market has provided Europeans great Real Estate investment opportunities in the US. Europeans are snapping up homes, apartments and estates in the US like "hot cakes". Buying similar properties in Europe, which they can now buy in the US, would cost them at least three times as much.
Recent US Real Estate sales figures show most of the European purchases so far included vacation homes in Florida, the Carolinas and California, where Real Estate prices are still relatively high. The more serious investors are now also looking at Maine and other "off the beaten track" areas to buy property. For instance, a 14 acres, 5 bedroom ocean side fully equipped property, with its own private beach and unspoiled Pine forest near the picturesque lobster village of Cutler, Maine is selling for $700,000. This is a "steal" for Europeans at approximately 475.000 euro's.
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Labels: Cutler, EU, Europe, Maine, Real Estate
