Top Destinations for Foreign Buyers

By
Real Estate Broker/Owner with Realty Empire Incorporated

Top Destinations for Foreign Buyers

Four states alone have accounted for 55 percent of the total purchases by international buyers recently: Florida, California, Arizona, and Texas.

The following are the top destination states for foreign home buyers and investors:

  1. Florida, which has a 23 percent share of all foreign purchases
  2. California, a 14 percent share
  3. Texas, a 12 percent share
  4. Arizona, a 6 percent share

The top five cities searched online by international buyers in 2014 were: Los Angeles, Miami, Las Vegas, Orlando, and New York, according to a separate analysis by realtor.com®.

Who's Coming?

International buyers are coming to the United States from all over the world, but the highest interest in U.S. property is being driven by Canada, China (The People’s Republic of China, Hong Kong, and Taiwan), Mexico, India, and the United Kingdom, which accounted for about 54 percent of all reported international transactions.

Canadian residents continue to have the largest share of U.S. purchases, but dropped their share from 23 percent in 2013 to 19 percent in 2014. Buyers from China hold the lead in dollar volume, purchasing an estimated $22 billion with an average sale cost of $590,826, according to the NAR study. China was also the fastest-growing source of transactions, now accounting for 16 percent of all purchases, up 4 percent from last year.


For more about Miami Real Estate of to find a Miami home to purchase contact Stephanie Leon Broker and Founder of Realty Empire.

www.RealtyEmpire.net

Stephanie Leon
786-664-7710

info@RealtyEmpire.net

Posted by

 

Stephanie Leon

Real Estate Broker
Realty Empire Incorporated

6625 Miami Lakes Dr
Miami Lakes, FL 33014

Contact me at:
Ph: 786-664-7710
Email: SLeon@RealtyEmpire.net

 

 

                        

 

 

 

 

All Rights Reserved. Copyright 2010-2015 Stephanie Leon Realty Empire 

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Florida is also a primary destination for Maryland retirees. Many are heading your way.

Apr 16, 2015 03:46 AM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Suggestion: Add your office address to your automatic blog signature.

Apr 16, 2015 03:48 AM #2
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Stephanie Leon | Miami Lakes Realtor®

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