Posted on October 6, 2015 - 10:52 AM
by Stephanie LeFew
Florida is still the top destination for International Buyers.
In 2014, the five countries that accounted for 51% of all purchases by international buyers were China, Canada, Mexico, India & the United Kingdom.
International buyers tend to purchase more expensive real estate with the average purchase price being $499,600. Chinese buyers typically purchased the most expensive properties at an average of $831,800.
While Florida remains the top destination for international buyers, California comes in second, Texas third, and Arizona fourth.
The majority of international purchases (55%) were made with all cash, compared to about 25% of all cash purchases made by domestic buyers.