Bel Air is a very residential neighborhood of Los Angeles where the weather is good most of the year. The neighborhood owes its identity and reputation to the houses that make it up. Under their modest appearance on the roadside, they offer and feature very large spaces. Far from the eyes, the neighborhood offers natural wonders and architectural splendors featuring some of the magnificent and impregnable views of the Los Angeles and Santa Catalina islands. Acquiring a property is not easy as demand is high and prices rarely trade below $ 20 million.
| House | |
| Surface type (Av.): | 5160 m2 |
| Min price (Av.): | $2,049,000 |
| Med price (Av.): | $7,463,833 |
| Max price (Av.): | $28,500,000 |
The American real estate market has suffered from an important crisis, due to seizure of properties. This phenomenon had a huge consequence on prices, which plummeted. Therefore, investing in a property in L.A. is currently a safe investment and is interesting as the market benefits from favorable conditions.
Besides, the American population is mobile and often changes its accommodations. The law is particularly secured for financial backers and the American system is based on MLS (Multiple Listing System) which gathers all properties on sale, which is a guaranty of ease to find one.
Thanks to a nice economic expansion, Los Angeles enjoys a large and diversified property portfolio with competitive prices for a city such vibrant, enormous and sunny. All in all, this area is a real heaven for owners and real estate investors.
Thanks to its multicultural aspects, Los Angeles is a global city which constantly attracts show business celebrities, fashion leaders, wealthy tourists as well as powerful financial people who are looking for an upscale quality of life, in a magnificent green oasis where are gathered culture, entertainment, glamor and leading-edge technology.
"Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).
Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error. "
