global investment in north carolina · triangle – ideal living • raleigh listed in top 10...

GLOBAL INVESTMENT IN NORTH CAROLINA

Casey R. Angel, APRDirector 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 StudentsNorth Carolina State 5,604

Duke University 4,022UNC - Charlotte 2,980

UNC - Chapel Hill 2,089UNC - Greensboro 821

Open Doors, 2017– Institute of International Education

TRIANGLE - INNOVATION

Open Doors, 2017– Institute of International Education

• 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

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

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 DEMOGRAPHICSTOP 10 COUNTRIES OF ORIGIN

1. Mexico

2. India

3. China

4. Vietnam

5. Philippines

November, 2016 – NAR Business Data/Real Estate Transactions

6. Burma

7. El Salvador

8. Pakistan

9. Bhutan

10. Colombia

• 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)

GLOBAL BUSINESS INVESTMENT

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)

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

GLOBAL MARKET - DESTINATION


• Wider Variety in Location Purchased

2017 Year 2018 YearWake 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%

GLOBAL MARKET - MAJOR INVESTORS


• China & India Were Major Sources of Buyers

2017 Year 2018 YearChina 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%

GLOBAL MARKET - PREFERRED TYPE


GLOBAL MARKET – PREFERRED LOCATION


GLOBAL MARKET – PREFERRED USE


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 • [email protected]/International

global investment in north carolina · triangle – ideal living • raleigh listed in top 10...

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