International Buyers Prefer These States

A new profile of international buying activity in the U.S. real estate market finds that Arizona, California, Florida, New York, and Texas are the most popular destinations for these buyers.

The National Association of Realtors' report shows that 52 percent of international buyers are shopping in these five states. Florida was the most popular market with 19 percent of foreign buyer purchases, and California was second with 14 percent, driven by continued demand from Chinese and Asian Indian buyers, who make up 20 percent of all international homebuyers. For Chinese buyers, Washington, Georgia, Illinois, and New Jersey were also popular destinations.

Most buyers from Mexico purchased properties in Texas, Arizona, and California, which are both geographically close to and have cultural similarity with Mexico. Sixty-percent of Mexican buyers purchased the property for use as a primary residence. The major destination among U.K. buyers were Florida, California, Ohio, Illinois, and Arizona mainly purchased residential property for vacation use. Canadian and U.K. buyers tend to purchase properties for vacation use compared to Chinese, Indian, and Mexican buyers.

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