Where Are Foreign Buyers Focusing Most?

July 12, 2016

Between April 2015 and March 2016, foreign buyers accounted for 4 percent of U.S. existing home sales, a relatively small amount. Though the overall share of foreign buyers is small, the states that attract the largest numbers of foreign buyers see them as an important part of their housing market ecosystem.

Florida, California, Texas, Arizona, and New York accounted for 51 percent of international buyers who purchased residential property during this 12-month period, the Economists’ Outlook blog reports. New jersey, Illinois, North Carolina, Maryland, Georgia, Connecticut, Colorado, Michigan, Nevada, and Washington were also popular destinations for international buyers.

Buyers from Canada were most likely to settle in Florida as 37 percent headed to the sunshine state. Chinese buyers preferred California to any other state (32 percent) while Texas was the state of choice (20 percent) for Indian buyers. Texas led the way for Mexican buyers (35 percent) and buyers from the U.K. mirrored Canadian buyers with a main focus on Florida (39 percent).

For the full list of international buyers and the states where they purchased residential property, follow the link below.

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