International interest in U.S. homeownership increases
International homebuyers are increasingly attracted to property in the U.S.,
according to the National Association of Realtors®’ 2010 Profile of
International Home Buying Activity. Several factors, including the strength
of the dollar, the value and desirability of U.S. real estate, and the
emerging economic recovery, continue to drive international interest in
owning a home in this country.
“While all real estate in the U.S. is local, the same is not true for
property owners,” said NAR President Vicki Cox Golder. “The U.S. continues
to be a top destination for international buyers from all over the world.
Foreign buyers understand the value of owning a home in this country and can
rely on Realtors to help guide them through the complex process of buying
property in the U.S. With expertise, knowledge and experience, Realtors have
a global perspective.”
The survey covers the period between April 1, 2009, and March 31, 2010.
During that time, foreign buyers are estimated to have purchased $66 billion
of U.S. residential property, or 7 percent of the residential market.
International buyers came from 53 different countries around the world. The
top four countries were Canada, Mexico, the U.K. and China/Hong Kong.
International buyers were reported in 39 states in 2010, with Florida and
California remaining the top two destinations.
Posted: 8 July 2010
Source: Florida Association of Realtors
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