The total U.S. Existing Home Sales market was approximately $1.07 trillion in the 12 months ending in March 2011 based on a recent National Association of Realtors survey. Foreign clients purchased an approximate $41 billion share of homes, the same as the previous year. In addition, recent immigrants (who have moved to the U.S. within the past 2 years) and individuals with visas for more than 6 months purchased an additional $41 billion, for total internationally oriented sales of $82 billion, up from $66 billion reported in 2010. Foreign purchasers buy U.S. property for investment, vacation and location reasons. Home ownership is viewed by many as an important accomplishment in their efforts to become established in this country.
Source: NAR 2011 Profile of International Home Buying Activity
For more information on investing in the US real estate market, please reference the resources below:
- Leading Real Estate Companies of the World – Consumer Resources
- Asian Real Estate Association of America (AREAA)
- Association of Foreign Investors in Real Estate (AFIRE)
- National Association of Realtors (NAR)
The US is considered the country providing the best opportunities for capital appreciation by more foreign investors than any time in the past ten years. According to the Association of Foreign Investors in Real Estate (AFIRE) 2011 Annual Foreign Investment Survey. The respondents to the survey own more than $600 billion of real estate globally and $265 billion in the US. The survey indicates a record level of interest in the US. When asked which countries provided the best opportunity for capital appreciation, the US captured an amazing 65 percent of the votes. To put this in perspective, in 2006 the US received only 26 percent of the vote.
The US is the number one choice for stable and secure, besting every other country. Germany ranks second and Canada, at third, is rapidly rising in this category. For 2011, the survey respondents indicated that they would increase their acquisitions in the US, Germany and China over and above their plans for 2010. The US, in keeping with other findings in the survey, should experience the largest planned increase in acquisitions. No other country is shown to receive an increase in real estate capital allocation. Seventy percent of the respondents said they planned to put more fresh capital in the US in 2011 than in 2010. On average, they plan to increase their acquisitions by 21 percent in the US over plans for 2010.
Source: AFIRE 2011 Annual Foreign Investment Survey
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