Do foreign buyers come from China only?
Are foreign buyers in the United States all coming from China? If you Reading articles in CNBC and MansionGlobal, one may understand that foreign buyers of American homes mostly come from China.
However this is not incorrect. Indeed foreign buyers of US homes come from more than 100 countries, and China represents only 20%.
Foreign buyers come from more than 100 countries
Indeed, 50% of foreign buyers of US homes do not come from China, Canada, India, Mexico or United Kingdom. International buyers from other countries closed for more than 75 billion dollars worth of transactions in the past 12 months, making this “Others” the biggest group of foreign buyers of US homes, well ahead of Chinese buyers or Canadian buyers as you can see below.
Therefore, the top 6 buyers of American real estate are:
- All other countries USD 75 billion
- China USD 31 billion
- Canada USD 19 billion
- United Kingdom USD 9 billion
- Mexico USD 9 billion
- India USD 8 billion
Thanks for reading my latest article on foreign buyers in the United States.