Despite the recent strength of the United States dollar on foreign exchange markets, its real estate is still attracting significant demand from international investors.
South American buyers have always been among active investors in the nearby southern American states and currently leading the way in South Florida are buyers from Colombia.
One lifestyle and investment exhibition in May, the Investir USA Expo, aims to capitalise on the interest and attract affluent investors in Bogotá who want to invest in American real estate.
Investir USA Expo, or Invertir USA Expo as it is known in Spanish, takes place from 10am-8pm on Tuesday 24 May and Wednesday 25 May 2016 at the Bogotá Royal Hotel and includes real estate exhibitors from Miami, Orlando, New York and Texas.
Event organiser, Justine Assal, President of leading marketing specialist and event organiser, ORB International, tells OPP.Today a select gathering of exhibitors takes part.
“We are limiting this one to 15 exhibitors as we are very focused on reaching a high end investor/ attendee. We expect about 500 people to attend over the two days. There are two booths still available and these are expected to go within the next week.
“The market with investors from Colombia purchasing in the USA is a very strong one, especially in Miami and increasingly so in Orlando. While the strong United States dollar has had an impact and slowed the amount of investment, it is still a very viable market.”
In fact, more Colombians are searching for South Florida real estate than any other overseas nation, according to new statistics from the MIAMI Association of Realtors.
Colombia led the way with searches on www. Miamire.com in January 2016, the latest data shows, ahead of Brazil, Venezuela, Argentina and the Philippines. Colombia also was top in December 2015, having knocked Brazil off the top spot for the first time in 13 months.
As well as profiling residential real estate investment options, the Investir USA Expo in Bogotá will also include options for both crowdfunding and commercial investment.
The event features an immigration seminar conducted by Fragomen Immigration Attorney, Enrique Gonzalez and a focus on EB-5 visas by Invest America. Additional seminars include how to purchase property, market updates, and how to expand business into the USA.
“The expo is promoted to affluent investors in Bogotá and kept smaller and more intimate than other real estate exhibitions in the area to ensure that the attendees and exhibitors are compatible,” says Ms Assal.
“Opportunities begin from $100,000 crowdfunding options, to condos and single family homes beginning in the low $200,000 range to $2million, $500,000 EB-5 investments and commercial opportunities investments range into the millions.”
The exhibitors include residential real estate agents, immigration attorneys, international tax attorneys, EB-5 brokers and regional centers, real estate crowdfunding, hotel and commercial investments and United States business consultants.