U.S. real estate interest increased due to the plunge in the exchange rate.

As the value of the won per dollar rises, US real estate investment becomes a concern. The exchange rate fell from the 1,100 won per dollar level to about 100 won from the previous year, attracting the interest of high-value wealthy investors in real estate investment in the United States. This is because the price of real estate in the United States in large cities such as New York has fallen due to the corona crisis, while the value of the won has increased, making it an investment opportunity. According to Kookmin Migrant (CEO Kim Ji-young), a US investment immigration company, inquiries about US real estate prospects are lined up.

 

It is also attributable to the prospect that real estate prices will normalize once the US economy stabilizes with the inauguration of the Buyon administration and full-fledged vaccination in the US. Consultation with high asset prices in Korea and permanent residents and citizens settled in the United States follows. In the United States, it is said that 90% of wealthy people make wealth by investing in real estate. The advantages of investing in real estate in the United States are △long-term price increase △tax deduction △rental income △leverage effect using loans. People who are immigrating to the United States or have children who are studying abroad are often interested in U.S. real estate for the purpose of giving or investing. Domestic investors are turning to U.S. real estate to evade the recent government's strict regulations.

 

Real estate policy in the United States is much more free and market-oriented than in Korea. Multi-homed people and various investments are also less regulated than in Korea. Another reason for foreigners' interest in U.S. real estate is that the Swiss bank is no longer a safe haven for wealth. This is because Switzerland in 2018 accepted the information exchange agreement prescribed by the Organization for Economic Cooperation and Development (OECD). The Swiss bank, which had no special case for secrecy, no longer paid large amounts of money to wealthy people in each country, and the attractiveness of using it as a refuge for wealth disappeared.