Dallas TX Is One of The Top Destinations for International Home Buyers
Posted On 4:10 pm
Are you planning on buying a home in the United States but you live out of the country? If so, you may want to consider buying a home in the Dallas Texas Area.
Dallas continues to be one of the top destinations for international home buyers because we offer a vibrant economy, excellent nightlife, many attractions/destinations to choose from and a world-class airport that gives you the ability to conveniently fly in from any city in the world.
Choose Dallas Texas
From April 2017 to March 2018, 24,012 Texas homes were sold to international buyers — a total of $10.89 billion in sales. According to the report, Texas accounted for 9 percent of all U.S. home sales to international buyers in the timeframe, behind only Florida (19 percent) and California (14 percent).
While the figures are impressive, they pale in comparison to the previous year. From April 2016 to March 2017, Texas boasted 12 percent of all U.S. sales to foreign buyers, totaling a whopping $18.66 billion.
Still, international home sales remain “one of the strongest sectors in Texas real estate, spurring strong growth in the Texas economy,” says Kaki Lybbert, chairman of the Texas Association of Realtors, in a release. “Despite the slight drop in international homebuyers compared to the previous period, Texas remains an international hub and top destination for people from across the world to live, work, and conduct business.”
The study shows that 38 percent of buyers from Mexico purchased a home in Texas (the No. 1 destination for buyers from Mexico). Texas was also a popular location for buyers from China (7 percent), India (6 percent), the U.K. (5 percent), and Canada (3 percent).
Search for Homes in Dallas Texas
Ready to buy a home in the DFW area? Let me be your guide. Contact me at (972) 523-1389 or click here to connect with me online.