Surge in US property sales to international buyers
Purchases of US property by international buyers have surged by $16
billion in the year ending March 2011, compared to last year, one of the
highest increases in recent years.
61% of international buyers purchased houses, with 36% buying condos or
townhouses. 62% of international purchases were by cash buyers.
Florida had 31% of total international transactions, the most of any
state. Among international buyers, Florida is most popular among South
Americans, Europeans and Canadians.
The US market can offer rental opportunities and long-term appreciation
potential, and is often viewed as a secure investment.
Posted: 19 May 2011
Source: National Association of Realtors®’ 2011 Profile of International
Home Buying Activity.
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