Not much foreigner but real estate properties during the Q1 and Q2 of 2015. However, it doesn’t mean that the amount spent for the properties that were bought this year declined as well. According to The Overseas Investor, compared last year, the figures have increased by as much as 13 percent.
The data gathered from April 2014 until March of this year confirmed that foreign investors have spent as much as US$100 billion for these real estate properties around United States. It was about US$90 billion higher compared to the year prior to that. Most of these deals actually involved properties located in prime areas or high-end properties from the socialites in the country.
Most of the buyers are from India, UK, Canada, Mexico, and China. The latter was topping the list with the most number of buyers who purchased US properties during the said period. These top 5 countries represent more than 50 percent of the real estate transactions.
Four regions in US had the most abundant number of sales. This includes California, Texas, Arizona, and Florida. Being the sunshine state in the country, Florida covered as much as 21 percent of the total sales from foreign clients.
Last year, it was also the Chinese buyers who spent thousands of dollars for these US properties with the whopping number of US$28.6 billion. Chinese investors spent as much as US$831,800 for every property that they buy in overseas property investment including the Marine Wharf East in London or The Peak @ Cambodia. The average amount spent on US homes however starts at US$255,600 only.
On the other hand, more than 30 percent of the real estate agents based in United States said that they have already worked with a couple of foreign investors for the past couple of years. Many of these foreign clients were looking for a place to stay, permanently, while others are trying to venture the buy-and-sell business as well.