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US Properties are seen as a deal overseas

I’m just back from a conference where International Property Sales were discussed, and while I knew that the weakening Dollar was making American real estate attractive to overseas buyers, I hadn’t really quantified it for this property. So, I grabbed the values for a few par currencies, the Euro, British Pound and Canadian Dollar. I also pulled the historical trade values for 6 months ago, 1 year and 2 years ago, as well as the current data. Click to enlarge.

I added the historical data so that you could see that the Dollar is bouncing along at historical lows. So, while property is looking like a better investment for US residents because the market is bottoming, for those investing with foreign currencies, there is a double possibility. When the US Dollar starts rising again, the return for US real estate will be that much higher.

Finally, in the interconnected world we live in, this is a great place to be. Coca-Cola, UPS, Home Depot, Delta Airlines, Georgia-Pacific, SunTrust Banks, Genuine Parts, Newell-Rubbermaid and scores of other companies. In fact, Atlanta ranks #3 in the US for headquarters of Fortune 500 companies, behind only New York City and Houston, and ahead of cities like Chicago, Minneapolis and Seattle.

Atlanta is also the home of Cox Enterprises, CNN and Turner Broadcasting, making it a media center.

One hundred years ago, the joke was that whether you were going to Heaven or Hell, you had to change trains in Atlanta. Hartsfield-Jackson Airport (ATL) is the busiest airport in the world, with flight just about anywhere at almost any time of the day. In fact, there were almost 1,000,000 flights in 2007. Atlanta is a transportation hub to destinations throughout the world.

Georgia Tech, Georgia State and numerous other universities and colleges are located in the Atlanta area…

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