Yes, there's high buyer demand, but ongoing low inventory means searching for properties is challenging, particularly for first-time buyers. Let us help. |
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I can now assist you with sales, purchases, or rentals in Illinois, Wisconsin and Indiana. Looking for housing elsewhere in the U.S. or beyond? Contact us to learn more about Engel & Völkers' global network of Advisors. |
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How Are Americans Who Buy Property Abroad Viewed by Locals? |
One of the questions prospective international buyers ask least—but perhaps should ask most—is, "How will I be perceived by the local community?" While the legal process of buying property overseas is important, so is understanding the social impact of becoming a homeowner in another country.
The answer is nuanced. In many destinations, Americans are welcomed as investors, neighbors, and contributors to the local economy. Their purchases create jobs for contractors, real estate professionals, attorneys, property managers, restaurants, and local businesses. International buyers often help preserve historic homes, invest in underdeveloped neighborhoods, and support tourism-driven economies throughout the year.
However, in some markets, the growing demand from foreign buyers has also contributed to rising home prices and reduced housing availability for local residents. This has sparked public debate in cities and resort communities around the world. Governments in countries such as Canada, New Zealand, and parts of Europe have introduced taxes, restrictions, or policy changes aimed at balancing foreign investment with local housing needs.
This doesn't mean Americans are unwelcome. Rather, it highlights the importance of becoming a thoughtful member of the community instead of simply owning property there. |
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F E A T U R E D L I S T I N G |
Offered at $327,000 645 Stout Ct.
Gurnee, IL 60031
Opportunity awaits in this freshly painted, spacious 2-bedroom, 2-bath ranch featuring beautiful bamboo flooring throughout and a functional layout full of potential. The primary bedroom offers a private en suite bath with a laundry hookup, while the partially finished basement includes a family room with a wood-burning fireplace and a 3rd bedroom with an egress window, providing flexible space for guests, a home office, or recreation.
With solid bones and desirable features already in place, this home is ready for your personal updates and finishing touches. This makes it an excellent opportunity for buyers looking to build equity or investors seeking their next project. Conveniently located near shopping, dining, parks, and major transportation, this home is being sold as-is and is priced to sell.
Please note: The last 28 listing photos have been digitally enhanced to illustrate how simple cosmetic updates-such as fresh paint, updated fixtures, modern furnishings, and decor-can transform the home and help buyers envision its full potential. The photos are intended solely as inspiration and do not represent the property's current condition. |
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Offered at $99,900 23901 W Grass Lake Road
Antioch, IL Land, no flood, zoned for residential building. |
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Engel & Völkers - Chicago North Shore
566 Chestnut Street 2nd Floor I Winnetka I IL 60093 224-420-0040 - Ellis 847.418.7318 - Erin erin.booker@evrealestate.com I erinbooker.evrealestate.com |
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