The Robbie Report: Ranches Bring the World to the Dallas Region
March 12th, 2014 | by admin
The historic Robinson Ranch, at Farm Road 962E in Round Mountain, was established in 1885 in the heart of the Texas Hill country in Blanco County. Listed for $23,162,500. Photo / Briggs Freeman Sotheby’s International Realty
A few days before we sat down last year to celebrate Thanksgiving, I was pleased to host 18 Chinese businessmen and investors in our Dallas office. They were here to discuss the growing global interest in land, particularly Texas farm and ranch land.
A few weeks before, I led a four-member team of international real estate experts on a 12-day, five-city tour of China to meet with Chinese bankers, real estate investors and corporate leaders to spark their interest in North Texas properties. In each city, we found Chinese businessmen, wealthy investors and professionals who have a strong interest in U.S. real estate. They want to buy homes. And they have a strong desire to own Texas ranches, farms and land.
The Chinese are not alone. I’ve made similar trips to Europe and India to discuss the worldwide interest in Texas ranches and farmland, and the Sotheby’s Dubai affiliate recently asked for information on every property Briggs Freeman Sotheby’s International Realty has access to in Texas because of strong Middle Eastern interest in the Lone Star State.
The interest in farm and ranch land is a worldwide trend that reaches from extravagant South American haciendas to working cattle ranches in Mexico and Down Under in Australia. Recently, the largest parcel of private land in New Zealand sold to a group of Americans for $30 million.
The reason for this worldwide interest is that buying American farm and ranch land has proven to be a good investment, a good hedge against volatile economies and is an investment that owners can enjoy while watching land values grow.
In a state known for pioneers, cowboys, oil barons, horses, cattle and notable people, Texas land has proven to be an investment that holds its value for enjoyment and resale throughout generations.
Click here to see the latest in real estate news. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with five offices in Dallas, Uptown, Ranch and Land, The Ballpark and Southlake.