By Elisa Andreis J.D.,
Russ Lyon Sotheby’s International Realty.
My clients often ask me where real
estate buyers come from when looking to get a pad in Sedona. While the
traditional
This new interest came about thanks
to the supply of bargain properties in our area as well as the European debt chaos,
which prompted buyers to look further afield. These are the same investors who
typically would have bought in Italy, Greece, Portugal and Spain, and they see the
South West as a safer investment.
Another contributing factor, besides
the low prices, has been the historical weakness of the US dollar relative to
Canadian and European currencies, attracting investors from all over the world
to purchase properties for as little as half what they might have paid five
years ago.
The sprawling desert state of
Arizona may seem like a surprising choice for a holiday home 7000 miles away
from home, yet while touring the South West during the summer holidays, Italians,
French, Britons, Germans and now Russians fall in love with our unique
landscape, the small town feel and the healthy lifestyle that make Sedona such
a special destination.
We have also seen an increase in the
number of Canadians buying in the Sedona area over the past two years.
The area has allowed Sedona to
become popular as a second-home destination for snowbirds who enjoy golfing or
hiking away from the frigid Canadian winters.
With a thriving, yet limited number
of residents from all over the world already living here, Sedona is soon
becoming a true international destination, as more and more foreign visitors
get seduced by the many charms of our beautiful town and make Sedona their
home. www.SedonaFineHome.com