Northern Virginia – An International Real Estate Investing Mecca

Washington DC Capitol , USA

Northern Virginia – An International Real Estate Investing Mecca

While the US as a whole continues to experience widespread interest from the international real estate investing sector, there are a few spots in the country that stand out. Of course, you’ll find New York and San Francisco on the list, as well as Houston. However, you’ll also find Washington D.C. on the list. While the D.C. area as a whole has fallen to fifth place in the nation, northern Virginia has risen, with cities like Arlington, Alexandria and Richmond becoming preeminent places for international real estate investors and relocation.

Why the Influx?

Why is northern Virginia experiencing such a massive influx of new residents from around the world? Actually, there are quite a few reasons, and each ethnic group moving here has a different driving force. Chinese residents are the fastest growing segment of the state’s population, and they’re coming to take advantage of employment, affordable housing and good schools. Indian residents have similar needs, and actually make up the most affluent demographic in the US (as well as in Virginia). Other nationalities come for a number of other reasons, including:

  • Affordable real estate – This is particularly true in comparison with the greater D.C. area, New York and San Francisco.
  • Excellent earning potential – Northern Virginia residents enjoy a higher annual income on average than anywhere else in the country.
  • Employment outlook – Tech companies as well as a range of other employers are moving to the state in significant numbers, offering excellent employment options.
  • A cultural melting pot – Virginia, particularly the northern half, is becoming a true cultural melting pot, and many foreign investors choose to move here to take advantage of that.

Where Are They Moving?

So, where are international buyers purchasing real estate? Where are they moving? You have a few main hubs – Richmond, Arlington and Alexandria, for instance. These cities offer direct access to Washington D.C. and the halls of power without forcing residents to actually live in the nation’s capital. There are other areas as well. For example, Fairfax County is home to almost 200,000 Asian residents.

Of course, not all international relocations are to major cities like those listed above. Others choose to move outlying areas where property prices are even lower, or to education hubs like Charlottesville.

What Are They Buying?

Predicting what various international buyers are purchasing is difficult, mainly because of the wide discrepancies between nations of origin, reasons for moving to Virginia and other factors. International real estate investors not relocating to the area tend to invest in multifamily properties, including apartments and condos. Townhomes are also popular. However, those choosing to move to the state permanently or semi-permanently purchase single-family homes or condos in walkable neighborhoods (this last is a prime target for Indian buyers, who value the ability to get around on foot).

The old Virginia is long gone – today’s state is culturally diverse and becoming increasingly more so every day. It’s an amazing time to live in northern Virginia, regardless of your nation of birth.


Contact Gene Mock, Associate Broker, Premier Team, Keller Williams Realty for more information about moving to Northern VA

Gene Mock Realtor



International Investment in Washington DC

International Investment in Washington DC

What You Should Know About Washington DC Real Estate Investments

Living in the nation’s capital means living in one of the top international real estate markets. International investors from countries like Korea, China, and Saudi Arabia are vying for the next big commercial real estate investment. This situation has been driving prices and returns higher and higher each year since 2011. 2015 is poised to be another banner year for Washington DC’s international real estate investor interest. So why is Washington DC so appealing to foreign investors and who are these foreign investors?

The dream house 24

  • Washington D.C. is home to 176 embassies making it an entry point for foreign interest to not only capitalize on commercial real estate investment returns but also to take up residency. High-end downtown condos and Georgetown single family homes have increasingly come under foreign ownership. Foreign investors seek to take advantage of Washington D.C.’s real estate market strength while gaining access to some of the best global banking networks and far-reaching nonprofits.
  • Foreign investors are also attracted to Washington D.C.’s small businesses. With 2015 international focus on tech related start-ups and established real estate firms, D.C.’s economic development is thriving. The D.C. business and development authorities are catering to this international investment demand by forming strategic partnerships with China and Middle Eastern sovereign wealth funds.
  • International investors favor established real estate investments. Not only are foreign investors taking part in new construction, they are also seeking fully leased spaces that turn consistent profits. Downtown office buildings are especially appealing whether new construction or existing properties.

XXXL Modern Blue Glass Office Building, Rosslyn, Virginia

Washington DC Has Had a 200% Increase in Commercial Transactions

While Washington D.C. has always been a melting pot of cultures given its geopolitical reach, this renewed international real estate demand creates interesting contrasts between downtown Washington D.C. and the suburbs. While the downtown commercial real estate deals are turning the highest profits ever, D.C. suburb returns remain stagnant with high vacancy rates. The overall effect of this shift has pushed average commercial transactions up over 200% in the last decade while suburban vacancy rates have increased by 10%. Real estate insiders are hopeful that the trickle-down economics of large sums of money from foreign investors will make Washington D.C.’s real estate market more and more attractive overall.

Too Many Global Dollars Are Chasing Too Few Appealing Opportunities Worldwide

From Asia to the Middle East, depressed D.C. commercial and residential real estate prices offer excellent chances for big returns. While foreign investment is not at the same level it was before the economic down turn of 2008, international investors continue to be enticed by real estate for its higher yield versus perceived lower risk. There are many theories on why foreign dollars are being injected into the Washington D.C. real estate market, but one thing remains certain after The Great Recession – there are too many global dollars chasing too few appealing international investment opportunities.

Contact us @ Premier Team, Keller Williams Realty 703-342-8100 for more information, at no obligation.

Global Real Estate Properties - Premier Team

 International Investment in Washington DC