FRIDAY FACTS
May 20, 2011
Why consider International Real Estate?
From March 2009 – March 2010, International buyers spent $66 billion on residential real estate in the United States.
The median price paid was 26% higher than the national overall median for existing homes.
55% of International buyers used cash to cover the full purchase price.
The top sources for inbound investment were Canada, Mexico, United Kingdom, and China/Hong Kong.
The two major drivers for purchase location were proximity to home country and convenience of air transportation.
70% of immigrants own their homes
Target groups: foreign buyers living abroad; immigrants; foreign students and university faculty; 1st generation Americans; clients with international family connections.
Reach out to local cultural groups, chambers of commerce, immigration attorneys.
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