DETROIT (May 19, 2014) – With the residential real estate market continuing its upward trend to pre-2008 home prices and sales, foreign investors are looking to the city’s hub for real estate investment opportunities.
Since last fall’s sale of two of Detroit’s buildings, including the historic former Detroit Free Press building, to Chinese real estate development firm DDI Group, the city is expected to receive an influx of investors from China looking to invest in a weaker market that is primed for an upswing.
All eyes are on the Motor City.
In recent years, Detroit has received a lot of attention internationally due to its affordable real estate opportunities. Coupled with an automotive industry back on the rise, and China’s eagerness to invest its wealth in real estate, it’s no surprise that Chinese companies are snatching up buildings sight-unseen with the expectation of a massive ROI within 15 years.
Michigan Governor Rick Snyder has made several trips to China over the last few years to help bolster Detroit’s image and appeal to Chinese investors. Michigan ranks ninth in the U.S. for direct investment from China, with 95% of that in the automotive industry. But recent signs are pointing to broader interest in the capital city, with real estate gaining interest swiftly.
Detroit is primed and ready for an influx of investors both internationally and nationally. With several high-profile buildings in the region currently in mortgage default, the city is attracting investors in droves, hoping to swoop in and take over ownership from struggling companies.
Mousa Ahmad, an investor relations expert for Mutual Property Management in in Farmington, MI, has seen a marked shift in property ownership in recent years, and likes the upward momentum in Detroit, an event he thinks is long overdue. Mr. Ahmad has been able to use his property investment experience to help potential buyers negotiate lucrative commercial real estate deals in and around Detroit. He advises clients not to wait too long to take action, as the momentum is building faster than ever.
“Now is the time to invest in this city – not next year,” said Ahmad. “Detroit is a perfect choice for either short-term or long-term investments and it’s going to become highly competitive soon. If you blink, you may miss your chance.”
About:
Mousa Ahmad is an investment expert in the greater Detroit area and facilitates the purchase and management of residential and commercial real estate opportunities for U.S.-based and foreign investors. For more information, please visit www.mousaahmad.com
Company Name: We Rent Detroit Homes.com
Contact Person: Mousa A. Ahmad
Email:Send Email
Phone: (313) 462-2434
City: Detroit
State: MI
Country: United States
Website: http://mousaahmad.com/
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