Our spectacular listing at 4128 Stanley Boulevard in Downtown Pleasanton brought out the crowds! Throngs of buyers toured this one of a kind property with historic roots on Friday, Saturday, and Sunday. After all was said and done, the sellers received 12 offers-all over the list price of $1,899,000! Congratulations to our sellers-and to the very excited buyers who will soon be making this special property their new home.
It’s time to buy American homes.
The U.S. has been named the hottest market for global residential property in a survey of 14 countries by real estate advisors Savills. The researchers analyzed economic and demographic trends to forecast how much prices in popular cities will rise over the next five years. And the essential ingredients for solid returns? A combination of population growth, rising wealth and limited housing supply.
1. United States
The U.S. housing market has enjoyed three years of growth as the economic recovery gathers pace. Prices are up about 30% from their 2009 trough.
San Francisco offers the most impressive growth potential. Nearby Silicon Valley has spurred interest in the city and secured its place as one of the country’s best performing housing markets. Savills named it ahead of New York, Los Angeles and Miami.
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But tread carefully. Savills director Yolande Barnes said there’s a huge gulf in potential between the tech hotspots and rustbelt cities.
As for who’s buying, Canadians are the top foreign purchasers of U.S. property by sales, followed by buyers from Mexico, India and the U.K.
2. United Arab Emirates
Wealth creation and positive demographics underpin the scope for solid returns in Middle East property. The Gulf economy has clocked annual growth of at least 4% for the past three years.
Dubai is the region’s major real estate hub, and Savills believe its long-term prospects are supported by the city’s role as a global business center.
Measures to cool the overheated Asian market, coupled with a general slowing of the economy, has slugged sales and reduced prices in Singapore’s prime residential market.
That could be good news for keen investors, however, because underlying demand remains strong, Savills said.
4. United Kingdom
Two European countries round out the top 5 — Britain and Spain. The dynamics differ but both economies are strengthening and benefit from low interest rates.
Prices in London’s residential market are enjoying a massive boom — up 9% over the past year alone — but demand overall remains buoyant, and the supply of new homes tight. Look for opportunities around the burgeoning tech sector in the capital, Savills said.
expensive london property
London property prices have surged in recent years, far outstripping price growth in the rest of the U.K.
Teetering on the brink of collapse in 2012, the Spanish economy has turned its fortunes around to become one of Europe’s standout performers this year. Real estate prices in the country are still more than 25% below their 2008 peaks, but the market has stabilized.
Property investors should consider Spain’s Balearic islands, such as Majorca and Ibiza, Savills said. Popular with European tourists, these residential markets have been more resilient than those on the mainland, thanks to a diverse demand base and limited new supply.The island of Ibiza is one of Spain’s more promising real estate markets for investors.
Congratulations to our happy buyers-now homeowners! This is the perfect nest for their growing family-the Stork will be here soon! And thank you to our preferred, local insurance agent who was able to give them a great discount on their homeowner’s policy thanks to the buyer’s degree in science. Science is brilliant!
Congratulations to our clients as both families move to the next phase of their lives. We loved working with you!
And thank you to our sellers for this nice note:
“SOLD!! Thank you Liz Venema for looking out for our best interests and thank you DeAnna Armario for bringing in a wonderful family that deserves this gorgeous home. Everyone at KW was wonderful to work with and we appreciate you all.”