5 ways for foreign property buyers to get around the strong dollar

Sixty-five percent of residences at the luxury Marina Palms Yacht Club & Residences in Miami are sold to foreign buyers. With dollar getting stronger and rising property prices in the US as well as slowdown in foreign economies, international buyers become more difficult to compete with local buyers. US property sales to foreign buyers declined around 12% in 2015. However, Chinese buyers are still enthusiastic in purchasing US property despite of the weakening yuan because they see it a good way to diversify and preserve wealth, according to Sam Van Horebeek, Director of East-West Property Advisors. Here are some advices for foreigners on how to get around the strong dollar: hedge against currency risk; take out a US mortgage; set up an LLC; consult with tax, law and real estate professionals. Read more here.