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 San Diego is currently a safe investment and is interesting as the market benefits from favorable conditions. The market has been regaining certain momentum, and prices started to rise. As the city enjoys a mature market, investors can foresee a high return on investment. 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, San Diego 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.
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.
