GLOBAL INVESTMENT IN NORTH CAROLINA Casey R. Angel, APR Director of Communications Raleigh Regional Association of REALTORS
TODAY S DISCUSSION Why Is Our Region of Global Interest? NC Global Demographics & Business Global Market in Our Region Tools & Resources for REALTORS
WHY WAKE COUNTY + THE TRIANGLE? Infrastructure U.S. Access/Location Airport & Highways Innovation Universities & Schools Job Preparedness Ideal High Quality of Life Recognitions
TRIANGLE - INFRASTRUCTURE Access to Major Interstate Highways I-95, I-40, I-85 3 Hour Trucking to Major Seaports Norfolk, Wilmington, Morehead City 1-2 Hour Flights to New York City, Atlanta, D.C. Daily Flights to Chicago, L.A., Seattle, S.F. January, 2018 Wake County Economic Development
TRIANGLE - INFRASTRUCTURE Raleigh-Durham Airport (RDU) Counted 11.6 Million Passengers in 2017. ½ Million More than 2016 (+5.6%) Economic Impact of about $8.5 Billion Annually 62 Non-Stop Destinations, Nearly a Dozen Int l International Passenger Traffic Grew by 28.9% January, 2018 RDU Airport Site & Statistics
TRIANGLE - INNOVATION Institutions with the Highest Number of Foreign Students North Carolina State 5,604 Duke University 4,022 UNC - Charlotte 2,980 UNC - Chapel Hill 2,089 UNC - Greensboro 821 Open Doors, 2017 Institute of International Education
TRIANGLE - INNOVATION Wake County Public Schools Largest in NC 15th largest in the Nation Wake County Public Schools consistently rank among the best in the state and the nation High schools have been given Gold, Silver, Bronze awards for graduation rates and preparedness U.S. News & World Report Open Doors, 2017 Institute of International Education
TRIANGLE IDEAL LIVING Raleigh listed in Top 10 Cities for New Grads Marketwatch, May 2018 Raleigh & Durham, #13 Best Place to Live in U.S. News & World Report, February 2018 Raleigh & Durham, #17 Best Place to Retire U.S. News & World Report, February 2018 Raleigh is #2 Most Educated City Forbes, October 2017 Raleigh is in the Top 5 Cities for Jobs Glassdoor, September 2017
TODAY S DISCUSSION Why Is Our Region of Global Interest? NC Global Demographics & Business Global Market in Our Region Tools & Resources for REALTORS
NC GLOBAL DEMOGRAPHICS There are over 10 Million residents of NC 8% of all NC Residents are Foreign-Born 1 Million+ speak a language other than English as their primary 715,000+ Spanish Speakers Nearly 52% of foreign born residents in NC own their own home November, 2016 NAR Business Data/Real Estate Transactions
NC GLOBAL DEMOGRAPHICS TOP 10 COUNTRIES OF ORIGIN 1. Mexico 6. Burma 2. India 7. El Salvador 3. China 8. Pakistan 4. Vietnam 9. Bhutan 5. Philippines 10. Colombia November, 2016 NAR Business Data/Real Estate Transactions
GLOBAL BUSINESS INVESTMENT There are over 700 International Companies in Wake 175,000+ Foreign Born Workers/Employees Nearly 3,000 Foreign Born Enrolled Students August, 2017 Foreign Direct Investment Report (Wake County Development)
August, 2017 Foreign Direct Investment Report (Wake County Development)
December, 2017 NAR Profile of International Residential Real Estate
NC GLOBAL RANKS Five states account for 54% of total residential property purchases: Florida, Texas, California, New Jersey, Arizona North Carolina ranks favorably and right in line with New York & Illinois November, 2016 Courtesy of NAR Business Data/Real Estate Transactions
NC GLOBAL RANKS Top 5 Dollar Volume by Country in North Carolina 1. China $30.4 billion 2. Canada - $10.5 billion 3. United Kingdom - $7.3 billion 4. India $7.2 billion 5. Mexico - $4.2 billion July, 2018 Profile of International Transactions (NAR)
TODAY S DISCUSSION Why Is Our Region of Global Interest? NC Global Demographics & Business Global Market in Our Region Tools & Resources for REALTORS
GLOBAL INVESTMENT IN OUR REGION Dollar Volume, Year over Year Destination by County Major Buying Source by Country Preferred Area, Housing Type & Usage July, 2018 RRAR Profile of International Residential Transactions
GLOBAL MARKET - DOLLAR VOLUME Year over Year, Continues to Grow July, 2018 RRAR Profile of International Residential Transactions
GLOBAL MARKET - DESTINATION Wider Variety in Location Purchased 2017 Year 2018 Year Wake County 78% Wake County 68% Durham County 16% Durham County 20% Harnett County 3% Orange County 5% Vance County 3% Chatham County 3% Harnett County 2% Johnston County 2% Total 100% Total 100% July, 2018 RRAR Profile of International Residential Transactions
GLOBAL MARKET - MAJOR INVESTORS China & India Were Major Sources of Buyers 2017 Year 2018 Year China 20% China 18% India 7% India 11% Mexico 7% Australia 4% Canada 5% Brazil 4% El Salvador 5% Italy 4% United Kingdom 5% Mexico 4% Spain 4% Subtotal 49% Subtotal 51% July, 2018 RRAR Profile of International Residential Transactions
GLOBAL MARKET - PREFERRED TYPE July, 2018 RRAR Profile of International Residential Transactions
GLOBAL MARKET PREFERRED LOCATION July, 2018 RRAR Profile of International Residential Transactions
GLOBAL MARKET PREFERRED USE July, 2018 RRAR Profile of International Residential Transactions
TODAY S DISCUSSION Why Is Our Region of Global Interest? NC Global Demographics & Business Global Market in Our Region Tools & Resources for REALTORS
REALTOR RESOURCES National Association of REALTORS NAR.REALTOR/Global Raleigh Regional Association of REALTORS RRAR.com/International REALTOR.com/International Wake County Economic Development
REALTOR RESOURCES - NAR NAR.REALTOR/Global Designations & Certifications Certified International Property Specialist (CIPS) At Home With Diversity (AHWD) Global Resources Diplomatic Contacts Business Contacts
REALTOR RESOURCES - RRAR RRAR.com/International Official Ambassador Association to NAR India Triangle International Council Award Winning Globally Themed REALTOR Group International Buyer Studies (2017, 2018) National Speakers & Local Experts
REALTOR RESOURCES - WAKE COUNTY Raleigh-Wake.org/International Profile of Businesses & Employers Relocation Information Metro & Business Advantages Demographic Data
BIG TAKEAWAYS Global Business is Here to Stay Growing/Everywhere Resources Abound Associations & Government The Best Time to Start is NOW J NC Residential Real Estate From April 2017 March 2018 Chinese Buyers = $912 Million Indian Buyers = $360 Million Mexican Buyers = $126 Million
CONTACT Casey R. Angel, APR (919) 654-5400 CaseyA@RRAR.com www.rrar.com/international