Hello @Alex Franks,
In New York particularly people expected Brexit to pick up overseas investor business but so far it has only been a slight downturn as some investors that had been in contract or were about to go into contract have withdrawn offers. We do expect that trend to turn as more overseas investors will start to invest back here instead of the UK and Europe due to the uncertainty. We are noticing the large scale investors dropping dramatically as well as China has economic woes and investors are doing more and more smaller scale developments as well or multi-family home flips. What are you seeing in your areas of interest?
As for international investors that are buying overseas in the Caribbean, central america, and/or south america that has changed as well. More of the investors are looking at individual investments or small investments rather than the larger development investments. The Chinese investors have in particular become more absent in the investment market in these areas. However, these areas are continuing to grow in sales as infrastructure improves, prices stabilize instead of rising dramatically, and their continues to be turmoil in the US and Europe. I predict that more people will invest in central or south america in the rest of 2016 and 2017 than ever!
