Forty-seven percent of all International buyers purchased homes exclusively for vacation, while 22 percent were motivated primarily by investment. Nearly a third of foreign buyers cited both vacation and investment as reasons for their purchase. International homeowners spent an average of 4.2 months of the year in their
U.S. property in 2006. A third of all International buyers are from
Europe, but buyers from
Asia and
North America (outside the
United States) each represent about one-fourth of the total market. Sixteen percent of all International buyers are from
Latin America. By individual country, most buyers come from
Mexico (13 percent), the
United Kingdom (12 percent) and
Canada (11 percent).
Foreign buyers purchase homes across the
United States, but 52 percent of sales in 2006 were concentrated in three states –
Florida (26 percent),
California (16 percent) and
Texas (10 percent). The South attracted nearly half – 49 percent – of International buyers last year, while 31 percent purchased homes in the West.
- National Association of Realtors®, 2007 -
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- Foreign National Buyer Data
Posted by Art on 11/10/2007
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