JEDDAH: The benefits of investing in the US real estate sector were in focus at a seminar held in Jeddah on Tuesday night.
“The US real estate sector has become an attractive buy for investors in Saudi Arabia and Gulf, in the context of the recent developments brought about by global economic downturn and weak US currency,” Robert Koch, founder and chairman of the Florida-based Fugleberg Koch Inc., told a meeting attended by a large number of investors at Laylaty hall.
“In this phase, Investing in the US real estate offers a lot of opportunities, notwithstanding affordable prices, due to its incredibly sound investment policies,” he said and emphasized on strong returns and reduced risks in US real estate investments even after correcting for the higher taxes, transaction costs and management fees.
Based on recent data, land, income property, and repositioned assets are the three preferred acquisitions in strategic markets in the US now, according to him.