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Browse the siteJune 13 2016
Last year, NAR's Profile of International Home Buying Activity reported that China, Canada, Mexico, India, and the United Kingdom accounted for 51 percent of international real estate transactions in the U.S. While we may think that most international buyers are interested in luxury estates, NAR's research shows this isn't necessarily true. The report shows that global buyers are actually more modest with their purchases, with approximately 46% of purchases on property priced under $250,000.
1. A number of foreign buyers are motivated to purchase properties in the United States to pursue educational opportunities. There were nearly one million international students studying in the United States in the 2014-15 school year, with a third of those students from China, followed by India, South Korea, Saudi Arabia, and Canada.
2. According to the New York Times, the top motivators for Chinese buyers are: