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Global Investors Buy $18 Billion in Texas RE in One Year

The Texas Association of Realtors 2017 International Homebuyers Report has shown that international investors bought $18.66 Billion in Texas real estate from April 2016 to May 2017.  Total home sales surged 60% from international buyers, and dollar volume more than doubled during that time frame.  In total there were 34,135 homes purchased by international buyers, placing Texas second to Florida in sales

Total homes sold to international buyers was a 59% increase over the prior year period.  Texas ranked 2nd to Florida in total volume and tied with California at 12% of all sales nationwide.  40% of Texas international buyers were from Latin America, while 39% came from the Asia/Oceania region.

Texas does well with buyers from Mexico, China and India.  Of all homes purchased in the USA by buyers from Mexico, 43% of those homes were in Texas.  Of all homes puchased in the USA by buyers from China, Texas finished second to California (37%) in total sales with 11%.  Of all homes purchased in the USA by buyers from India, Texas finished thrid to California (18%) and New Jersey (14%), with 10% overall. 

https://www.texasrealestate.com/uploads/files/general-files/2017TexasInternationalHomebuyersReport.pdf


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Post Category: International Real Estate, General, Houston Living

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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