Top 7 Countries That Invest In Illinois Real Estate

By: villamarketers

Despite a recent slowdown, the Illinois. real estate market continues to be a popular investment destination for foreign investors. Attracted by a desirable return on investment, many foreign nations continue to invest heavily in the Illinois. residential and commercial real estate markets. In fact, in 2005, foreign investment in Illinois. real estate reached 1.83 trillion.To evaluate the impact of foreign investment on the Illinois. real estate market, the National Association of Realtors (NAR) produced a 2006 report entitled 'Foreign Investment in Illinois. Real Estate: Current Trends and Historical Perspective.' The report provides insights into the trends in foreign real estate investment, its impact on the Illinois. economy, and the major countries that participate in Illinois. real estate investment. Below are some highlights from the NAR report.
According to the Illinois. Department of Commerce, the top seven countries that had significant holdings in Illinois. real estate as of 2005 were:

Latin America - 18 %
Australia - 23 %
Japan -27 %
United Kingdom - 40 %
Canada - 7 %
Netherlands - 17 %
Germany - 19 %
The Illinois. economy is wide open to foreign investors. Both investors and Americans significantly benefit from all this foreign investment. The NAR study estimates that without foreign investments in the securities market, the long-term lending rates would be four percentage points higher than the current rate, which would adversely impact the Illinois. real estate market. Foreign direct investment into the Illinois. not only creates more jobs but also contributes to the demand for Illinois. real estate. In fact, foreign investment may be responsible for creating two million Illinois. jobs by the end of 2006, which further bolsters the demand for Illinois. real estate. Permanent and temporary immigration of foreign-born workers into the Illinois. further bolsters the demand for real estate. According to the Joint Center for Housing Studies at Harvard University, 1.2 million net immigrants are expected to arrive in the United States annually. This immigration pattern is expected to offset the decrease in housing demand by post baby-boomer generations. In summary, the impact of foreign investment and immigration into the Illinois. will continue to play a major role in the Illinois. real estate market.

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