Why It Is The Right Time To Buy For Americans?

The American dollar is at an increasing all-time high against the euro. This significant and enticing financial balance now in favour of the USD combined with the continued upscaling of the polarised American political sphere has made investing, and relocating to Europe a very enticing opportunity.  

An unusually large proportion of American real estate investment was spent during the first half of 2022. The report shows that the large American market has a strong interest in investing in Europe - Great Britain and Germany in particular, with France not far behind. Statistics have shown that an impressive 1.2 billion US dollars were spent on private real estate purchases in France within the first 6 months of 2022. 

The recent and rapid escalation in gas prices throughout Europe - linked to the ongoing conflict between Ukraine and Russia has caused the value of the Euro and the GBP to drop. An expert from the Market Insider has cited that the Euro is 'unlikely to recover' until Europe can stabilise their natural gas and oil crisis. 

The Euro is now at a multi-year low, and the dollar reaching a multi-year high, and in July of 2022, the dollar and euro were for the first time in decades - at a parallel. Thus Americans with cash to spare are investing in Europe - in particular, the Cote d'Azur and Provence regions of France being among the target areas for American buyers.  

The overseas interest comes after the French Riviera real estate culture experienced a boom during the two-year confinement period which saw French residents confined to their homes. Philip Weiser, with 40 years of accumulated knowledge of French Real Estate and CEO of the Carlton Group of Companies advises that people residing on the French Riviera became more reluctant to sell their homes, yet the demand for homes here increased - which resulted in a lack of supply and high demand - driving the overall market value upwards.

Philip confirms that the French Riviera, historically renowned as a resort area for ultra-high-net-worth Americans, has been a favourite vacation destination for American investors for decades. Now that the current real estate climate has finally swung in the favour of the American clientele, Carlton International is ready to welcome them with a full team of English-speaking consultants.  

Carlton International has recently integrated two dynamic and experienced American real estate consultants from California. Asher McInerny and Kim Bousard are both experts in assisting our American clients in defining the most suitable properties, negotiating the best purchase opportunities and guiding them through the legal processes surrounding the sale and acquisition of luxury real estate here on the French Riviera.