That's the kind of news our investors like to read!
Florida is still the number one choice for international buyers and investors, according to the Coldwell Banker International Buyers Guide. Nearly one in four (24%) of international buyers purchase a home in Florida.
Ranking of the Top 5 States
- Florida: 24%
- California: 11%
- Texas 8%
- Arizona: 7%
- New York: 4%
In 2022, the largest dollar volume among international buyers in the United States came from China, followed by Canada, India, Mexico, Brazil and Colombia.
"Florida and Arizona tend to attract buyers from Latin America, Europe and Canada, who are looking to buy properties in warm climates for vacation purposes," according to the guide. "The affordability and diversity of housing in these states are also considerations for many international buyers."
Although purchases from international buyers have decreased during the pandemic, buyers have returned to the market.
"According to the National Association of Realtors® - NAR, the volume of sales generated by international real estate buyers in 2021 reached its lowest level since 2011," says the guide. "Purchases from international buyers represented just 1.6% of sales, down from a peak of 5.2% in 2017. Although transactions declined further in the latest period, the dollar volume of acquisitions by foreign buyers increased by 8.5% to $59 billion in the period ending March 2022."
Investment Opportunities
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