With prices dropping in the US, we're starting to see more activity from foreign real estate investors. As I recently posted, there's much activity from south of the border with Mexican investors buying up properties in Texas for instance.
Recently Middle Eastern investors from Abu Dhabi, part of the United Arab Emerates, have purchased one of New York's prime buildings -- the famous art deco landmark, the Chrysler Building. It was apparently purchased for $800 million.
With oil rich countries flush from our oil purchasing, other Persian Gulf countries like Kuwait are also buying up US real estate.
