Foreign buyers can’t buy enough American real estate!

Even though some countries are seeing a rapid decrease in the volume of real estate purchased, the United States is starting to see a surge in foreign buying according to the National Association of Realtors (NAR). These numbers are showing explosive growth in both the transactions, and dollar volume.

According to NAR, between April 2016 and March 2017 we had a 32% growth in international purchases from the previous 12-month period with total dollar volume of just over US $153 billion.

Where did these international buyers came from? All over the world, however the top 5 countries were China, India, Mexico, Canada, and the United Kingdom.

Their favorite places to buy? California, New York, and of course Florida with Miami leading as the preferred city in the State for their investments.

Want to know how you can invest in Miami? Call me! I will guide you through the process of buying your next home or investment.  

                  Maria T. Villalobos * Cell. 786-285-5855 * info@bestmiamihomes.net