Foreign buyers invest a record-breaking $92 billion in US housing, propelling Miami to the top of the market.
International buyers continue to flock to the United States to buy homes and make real estate investments, according to the National Association of Realtors' 2014 Profile of International Home Buying Activity Report. Favorable exchange rates, affordable home prices, and rising affluence abroad continue to drive international buyers to the United States to buy homes and make real estate investments. qatar villa Total overseas sales for the period April 2013 to March 2014 were estimated at a record-breaking $92.2 billion, up from $68.2 billion in the previous period. "We live in an international marketplace," said NAR President Steve Brown, "and while all real estate is local, it does not mean that all property buyers are." "Foreign purchasers are drawn to American real estate by what they see as attractive prices, economic stability, and a fantastic opportunity to invest in their future." International purchasers and recent immigrants bought pr...