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2018-02-18 08:12:35
California Sales to Foreign Buyers

This morning I was reading through the 2018 C.A.R. Reports and found this surprising fact! There's been an INCREASE in foreign buyers!


'$153 billion dollars in real estate sold to foreign buyers in 2017?  While that may or may not seem like a large number to you, it may be more surprising to know that number represents a 49% increase in real estate sold to foreign buyers from 2016 to 2017. One out of every 20 transactions is a foreign buyer. Nearly half are using it as a primary residence and 18% as an investment property.  They are contributing the increase of foreign buyers to the strong currency in our dollar.  Below are some statistics to help you understand the global real estate market within the US.

So, which are the top states seeing the most foreign buyer?

  1. Florida, at about 22% of all foreign buyer purchases is by far the most popular
  2. Texas and California, both at about 12%
  3. New Jersey and Arizona, both at about 4%
  4. Illinois, Georgia, and North Carolina, all at about 3%

Where are most of the foreign buyers coming from?

  1. China (the number of Chinese buyers has doubled in the past 10 years)
  2. Canada
  3. UK
  4. Mexico
  5. India

The INDRA Group actively markets to the Chinese market and we are heavily relied on as the go-to for German speakers purchasing in Southern California (thanks to Oliver Indra's use of this mother tongue language). Promoting our client's listings internationally set us apart from our competition! Give us a call to find out how we can expose your high-end property to the luxury international buyer's markets. 760-805-9336



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