In an international survey aimed towards investors, Austin, Texas, came back as the most sought-after city, where to buy real estate. This can come as quite a surprise, to those who don’t know this location well. Here is an explanation of why Austin is at the top of the list, for property buyers, internationally.

The Effect of the Pandemic

Of course, everyone knows that the COVID-19 crisis has changed all the rules, in the various economic markets. Therefore, it comes as no surprise, that there is a shift in real estate as well. The effect that the sanitary crisis had, is that it moved buyers from large metropolitan cities, to smaller ones. That is because remote-working now enables people to stay away from large expensive centers, which they tend to do.

If you don’t already have a bank account in US currency, now is the time to act, so you can also get into the Austin frenzy. You can also benefit from your investment in currencies, by joining one of the Forex trading platforms UK. This is where all the countries money are exchanged, daily. That way, you keep an eye on the exchange rates between the pound and the dollar, at all time, while increasing your capital, in a different way.

A Real Change in Real Estate Investors Direction

If you are thinking this is just a fluke, you need to review your position. The survey clearly shows that Austin is the top city, where to invest in real estate. Almost 25% of the respondents, placed it as number one, in the world. If you add those that selected it to be on the podium (top three), you get over the bar of 33%. This trend is quite real.

This annual survey by the Association of Foreign Investors in Real Estate, shows clearly the change in the state of mind of international property buyers. Last year, Austin barely made the top 10. In thirty years of this survey, there was never one tertiary city that made it to the podium, before Austin came in this year, and simply claimed the number one position. As a result, close to two-third said that they would raise the number of properties they own, in smaller markets, starting in 2021.

Although San Francisco still made its way on the last step of the podium this year, property owners still said that they plan to decrease their values in this town, as well as in the previous two strongest markets in the world: New York and Chicago.