Texas is Cheap for Foreign Investors
Saturday, July 5th, 2008We’ve heard that Texas land is still a bargain compared to the rest of the country. However, I recently listened to a talk given by Manfred Chemek, CEO of an international real estate investment firm, at the 2008 Realtors Land Institute that was held in San Antonio. Mr. Chemek stated that due to the weak American dollar, many foreign investors from Europe and the Middle East have begun to buy large tracts of raw land in Texas.