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Guam Real Estate Market Insight
by Taylor321 on May 4, 2011
The Guam real estate prices are set to increase in the second quarter of 2010. The real estate prices nosedived in 2009 along with the international real estate market. This happened due to the lack of demand by the global investors following the recession that was widespread in the world.
Villas and single occupancy homes in Guam real estate market fell sharply by almost 10% in 2009 as compared to the prices in 2008. In the 2nd quarter of 2010, this price decrease will be rectified and the military expansion of the island will follow. Guam is a territory of the US and as per an agreement between the US and Japan, almost 8000 marines and their families is set to relocate from Okinawa in Japan to Guam.
The people of Guam have US citizenship and there are restrictions on those that aren’t US citizenship for owning the real estate in Guam. Those that are not US citizens (but may be green card holders) and haven’t yet made a decision to become permanent...Read More >>
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Guam Real Estate Market Insight
The Guam real estate prices are set to increase in the second quarter of 2010. The real estate prices nosedived in 2009 along with the international real estate market.
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