Most of the world is split on the surprise election of Donald Trump but the city of Detroit is only celebrating as the President Elect has promised to rebuild the Motor city brick by brick to get it back to the thriving city that it once was.
The future president Donald Trump told a suburban Detroit crowd Monday November the 1st that he wants to renegotiate NAFTA and bring manufacturing jobs back to Michigan.
Lamenting plans for Ford Motor Co. to move all US small car production back into the Motor city. “Look at the city of Detroit. It used to be the manufacturing hub of the world,” Trump said.
“We are going to rebuild Detroit one brick at a time and and we are going to rebuild Michigan and make it great again.”
Global Investments incorporated has been selling homes in Detroit to the overseas market for 5 years now and CEO Mike Moodie sees the election of Trump to be only positive for the city moving forward.
Mike was quoted in saying “ Sales and prices in Detroit have been rising for the past 12 months but we can only see the election of Mr Trump to be great news for the city and our current and present investors, as he is pledging to bring the motor industry back to Detroit and has pledged to bring federal funding to the city in the form of schooling, housing, roads and the general infrastructure.
Detroit was built on the motor industry and this can only bring jobs and make the economy stronger. “ said Mike . “ Three years ago the average price we were selling a home in Detroit was $15,000 and we are now selling homes at $35,000. With this great news we can only see prices increasing which makes it a great time to get involved now before prices start rising and returns start falling. “
The Movechannel one of the leading international property sites have stated that Trump’s victory does not dent the US property market’s attraction in the long-term.
Since the election result, the dollar has weakened against other currencies, giving international buyers more spending power in America’s real estate.
Indeed, the greenback’s recent strength was cited by the National Association of Realtors as a factor that caused international investment volumes to dip slightly year-on-year in March 2016.In the US, 54 per cent of property professionals in a survey by portal Juwai.com said they thought a Trump presidency would increase Chinese investment in American property.
Global Investments Incorporated has been leading the way in Detroit property sales, most of their investors come from overseas, Mike and his team have just recently returned from a trip to Dubai where they were holding their first private exhibition and Detroit was there best selling product by far.
Mike added. “ We had a great trip to Dubai and we sold a lot of homes, mainly in Detroit. Most of our investors are looking for good valued homes with decent returns, 15-20%. I honestly think that in the next few years we could be priced out of the market in Detroit.
In the last seven years Detroit has transformed itself it to a vibrant city again and I can only see things getting better. Finding good stock in Detroit is getting harder and harder for me and I am on to my suppliers every day pushing them on there price, but the bottom line is Sellers know they can achieve higher prices now. “
So it sounds like Mike and his team at Global have there finger on the pulse in Detroit and it seems there is only good news on the horizon for the city and the companies investors.
If you would like to see the latest stock that Global has to offer in Detroit, please email. mike@globalinvestmentsincorporated.com
