What are the most popular locations in the U.S. for international buyers to purchase real estate?
• Florida – 23.0 percent of all purchases by international buyers • California — 13.0 percent • Texas – 10.7 percent • Arizona – 7.1 percent Here’s an interesting fact: in 2008 93 percent of all home buyers in the U.S. financed the purchase of their home with a mortgage. Conversely, almost half (46 percent) of international buyers pay cash when buying property in the U.S. Why are foreign investors buying property in the U.S.? • 33.9 percent for a vacation home for family and friends • 23.5 percent both as a vacation home as well as an investment • 20.8 percent we don’t know why • 18.3 percent for residential rental property for investment How do foreign buyers view U.S. Real Estate? • 40 percent see the U.S. as a desirable location • 31.8 percent see U.S. real estate as a profitable investment • 19.9 percent see U.S. real estate as a secure investment At a time when sales are sometimes hard to come buy agents may want to look at the international market as a niche to expand their busin
