Europeans Still Buy Polk Properties
Despite the slowdown in the U.S. real estate market, there’s evidence that investors are still buying local properties, particularly vacation rentals. The buyers remain one of the markets that’s been most loyal to Four Corners from the beginning: Europeans, particularly the British.
When Feltrim Developments USA – which has an office at the Four Corners Plaza at Polo Park – recently opened two new short-term rental properties, most of the units had already sold out months ago. Greg Brown, Feltrim’s director of commercial real estate, said the new projects known as Tuscana and Secret Lake are resort/condominium developments that “catered to the European market.
“While there’s obviously been a slowdown in vacation sales,” Brown added, “these projects have done extremely well.”