Wednesday, June 13, 2012

U.S. is continue to be a desirable market for foreign property investors

U.S become one of the top destinations for foreign property investors according to the latest report released by the National Association of Realtors. Many international investors continue to identify the U.S. as the best place right now to purchase property and make a profitable investment.

The total of all international sales in the country for the past year ending March this year, which compose of non-resident foreigners and recent immigrants was $82.4 billion, way above the 2011 sales of just $66.4 billion.

Most of the international buyers bought homes for sale in four major states, which accounted to 51 percent of the purchases. Arizona, Texas, California and Florida were the top choices of foreign property investors when purchasing homes. Leading the path is Florida with 26 percent foreign purchases, followed by California at 11 percent and both Arizona and Texas with seven percent.

Foreign homeowners came from different countries around the world, but 55 percent of accounted international sales were made up of investors from China, Canada, India, Mexico and the United Kingdom, according to the survey.


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