Foreign buyers snap up homes
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Home buyers in the Greater Boston area increasingly are finding themselves competing with foreigners willing to pay top dollar in today’s tight real estate market.Michael DiMella, managing partner at Charlesgate Realty Group in Boston, said his firm has worked with nearly a dozen foreign investors in the past year.“I think recently they’ve seen an opportunity to invest in the U.S. and Boston because of the strong market recovery following the recession, as well as favorable exchange rates for many of them and generally lower real estate costs than other major cities around the world,” said Continue reading >>>