Many real estate investors in the San Francisco/Bay Area are international buyers from countries such as China, Mexico and Canada. As a city on the Pacific Rim, San Francisco is quite attractive to real estate investors from Asia, in particular from China and India. Compared to Shanghai and Tokyo as well as other major international cities like London, real estate values in San Francisco are perceived as cheap.
Most of these investor buyers prefer new construction mid-rises and high-rises in San Francisco and generally 2-bedroom/2 bathroom units. Proximity to public transit, shopping, dining, as well as the waterfront play a big part as well.
A number of San Francisco buildings, such as the Lumina, the Arden and the Harrison draw high interest and cash buyers from China. In general, these are high-end, low-maintenance properties. While there is some interest by real estate investors in single family homes in San Francisco and the Bay Area, the type of single family home these investors favor are high-end, turn-key homes. –
Foreign real estate investors are also attracted to condos and single family homes in Oakland at this time.
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