In Boston, Biotechnology Lures Foreign Buyers
According to a recent Associated Press article, foreigners buying in Boston are different from those buying in places like Texas, North Carolina or Los Angeles. According to Constantine Valhouli, a principal with Boston’s Hammersmith Group, which advises real estate developers, internationals buying homes in Boston are often linked to the city’s booming biotechnology and life sciences industries. In addition, Boston venture funds are drawing large numbers of German, Swiss and Irish workers, some of whom take advantage of favorable dollar rates against the euro to buy real estate. Read more about foreign buyers .
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