Property in Florida proves popular with international buyers
The Florida property market remains the most popular as far as foreign buyers of USA properties are concerned, according to a new infographic from Credit Sesame.
The interactive chart, based on data from the National Association of Realtors, compares each state's foreign-born residents to show that close to one-third of all U.S. real estate transactions takes place in the Florida property market.
Almost 80% of foreign-born U.S. residents owned a home in 2009, Credit Sesame reports, which is higher than the national homeownership rate of 65.4%. Foreign investors represent $82 billion of U.S. real estate.
"35 states combined make up 17% of all real estate purchased in the United States by foreign buyers", says the report.
Florida property market leads the way, accounting for 31% of all foreign property transactions, followed by California, with 12% of the country's international purchases.
Canadian buyers account for the majority of international sales in Florida, followed by buyers from the UK. There is also high demand from people in Western Europe and buyers from Latin America, while more Asian investors are eyeing up Florida property investment opportunities.
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