Orlando Real Estate -

International Appeal

August 4th, 2011 4:33 PM by Karyn Smith

Foreign buyers continue to view the U.S. as a desirable place to own property. According to the 2011 NAR Profile of International Home Buying Activity, residential international sales in the U.S. from March 2010 to March 2011 accounted for $82 billion, up from $66 billion in 2010.

International buyers in the U.S. represented 70 countries, up from 53 in the previous survey. For the fourth year in a row, Canada was the top country of origin for foreign buyers, with 23 percent of sales. China was the second most popular country with 9 percent of sales. Mexico, the U.K., and India tied for third with seven percent.

Home ownership is attractive to foreign buyers for a variety of reasons. Homes in the states are generally less expensive than comparable foreign properties, and homes in this country are also viewed as secure investments with long-term appreciation potential and rental opportunities

Posted in:General
Posted by Karyn Smith on August 4th, 2011 4:33 PM


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