The United States remains the top choice among international home buyers.

 

International home purchasers favoured buying houses in the United States over all other countries, according to the California Association of Realtors' (CAR) "2013 International Clients Survey." These overseas purchasers still see the United States as a secure haven for their funds. villa

The vast majority of international purchasers (85%) indicated they would only consider buying a home in the United States because of the country's stable government and banking system. Other nations were mentioned by 15% of those who considered investing, with Canada, Germany, Mexico, China, Singapore, Sweden, and France being the most popular.

According to the National Association of Realtors, over $68.2 billion in residential property transactions occurred in the United States in 2013, down from $82.5 billion in 2012. (NAR).

International purchasers also choose the United States because of its favorable location and environment (20%), proximity to family and friends (20%), investment opportunities (9%), changes in job and employment (9%), educational options (6%), and inexpensive pricing (6%). (4 percent).

In contrast to typical home buyers, who bought mostly because they were weary of renting, international buyers bought mostly for investment purposes or tax advantages (18%) or to rent out (14%) in the United States (23 percent).

While Florida saw the greatest foreign buyer activity in 2013, when it came to California, Los Angeles County was the most popular destination for overseas purchasers (35 percent). International buyers also bought houses in the counties of Orange (22%), San Diego (20%), Riverside (14%), Contra Costa (7%), and Santa Clara (7%).

The top four countries in terms of overseas buyers are:

Florida accounts for 23% of the overall population of the United States.

California accounts for 17% of the overall population of the United States.

Arizona accounts for 9% of the overall population of the United States.

Texas accounts for 9% of the overall population of the United States.

The following are some of the other findings from C.A.R.'s 2013 International Clients Survey:

International purchasers paid whole cash for their residences 69 percent of the time, compared to 27 percent of traditional buyers.

International purchasers bought the home as a primary residence 32% of the time, compared to 75% of conventional purchasers, while 33% of international buyers bought it as an investment or rental property, compared to 19% of typical purchasers.

Many overseas purchasers spoke Chinese as their first language (36%), yet 70% interacted in English, indicating a well-educated multinational customer.

International purchasers looked for properties for an average of five weeks, compared to ten weeks for traditional buyers.

International property buyers bought 44 percent of homes with designer kitchens, 26 percent of homes with a wine cellar, and 9 percent of homes with a sauna. Private beaches, putting greens, heated floors, and outdoor kitchens were among the other features that international purchasers desired.