Foreign Homebuyers Find Pennsylvania Real Estate a Good Investment, According to NAR Survey

More and More foreign homebuyers are purchasing investment properties and vacation homes in Pennsylvania according to a recent survey conducted by the National Association of REALTORS® (NAR) and sponsored by the Pennsylvania Association of REALTORS® (PAR) and the Pennsylvania REALTORS® Education Foundation (PREF).

Almost two-fifths of international buyers in Pennsylvania purchased a home in the Philadelphia area. In Pennsylvania the majority of these buyers came from Europe, specifically, the United Kingdom but also from India, China, Canada and Brazil. One of the reasons international homebuyers are finding Pennsylvania a safe, attractive investment is because the price of real estate in Pennsylvania did not increase as much as hot spots in California and Florida.

To see the survey conducted by NAR, click on the link --> International Homebuying Activity In the U.S.: Focus on Pennsylvania, 2007

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