SouthKorea has been keenly investing in real estate property for more than half a decade now, particularly outside its own geographic region. The first half of this year recorded South Korea's investment in real estate property amounting to more than $5 billion whereas it was only around $2 billion last year. That signifies a tremendous rise in its property investment portfolio.North Korea also realized the benefits and future perspectives of owning real estate property across different geographic regions. The Middle East and Asia do not appear to be very attractive for property investors though, in view of the onset socio-political scenarios.
However, when it comes to the United States and Europe, more often than not, investments pay off in terms of value. There's neither economic instability nor political unrest. This is the reason why North Korea treats the US as a hub to pool in money for property investment.
Real Capital Analytics, a New York based firm concerned with research in the field of real estate, disclosed world ranking with reference to real estate investment. According to the firm's facts and figures, leaders from North and South Korea are some of the top foreign real estate investors in the United States.
Investment in foreign property indeed yields great results. The Koreans do not only benefit from foreign exposure while commencing business and commerce in the U.S., but also get to strengthen trade relationships with the country. Both cultures can come closer, understanding the norms and values of each and being respectful to intra-cultural incompatibilities.
It is not only the Koreans who benefit from this property investment though. In fact, the United States also has several areas that can turn out to be quite rewarding. For instance, rise in foreign exchange, growth in GNP, and increased rate of employment, just to name a few.
Since the Koreans are buying resorts, apartment buildings, and leisure spots, they intend to make it even more ravishing and attractive for natives and tourists. Thus, the tourism industry will grow as people from across the globe will want to visit such exceptionally built landmarks. This arrangement will benefit both countries simultaneously.
Investors from Korea are currently investing in Washington and Chicago, but they look forward to expanding their investments to several other areas of the United States in the time to come. Let's see how the future unfolds!
