Indians Among Top Five Foreigners Buying Properties in the U.S. - Page 2

Indians Among Top Five Foreigners Buying Properties in the U.S.

By PTI   |   Wednesday, June 26, 2013
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Approximately 90 per cent of reported purchases were detached single-family properties and 7 percent were commercial properties or land.
The median price was $ 300,000, among which approximately 21 per cent of the reported purchases were all-cash, the report said.
According to the report for the 12 months period ending March 2103 total international sales were $ 68.2 billion, down approximately $ 14 billion from the previous year.
Released by the National Association of Realtors, the report attributed the decline to a number of temporary factors, including economic slowdowns in a number of major
foreign economies, tighter U.S. credit standards and unfavorable exchange rates.
Of total international transactions, $ 34.8 billion (51 per cent) were attributed to foreign buyers with permanent residences outside the U.S. and $ 33.4 billion (49 percent) were attributed to buyers who are recent immigrants or temporary visa holders residing for more than six months in the U.S.

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