Internationally Speaking

More foreign buyers showed interest in purchasĀ­ing U.S. properties in 2009, according to the NATIONAL ASSOCIATION OF REALTORSĀ® (NAR)’s 2010 Profile of International Home Buying Activity. More than one-fourth of REALTORSĀ® (28 percent) say they worked with at least one international client in the past year, up from 23 percent a year ago. Nearly one in five REALTORSĀ® (18 percent) completed at least one sales transaction with an international client, up from 12 percent in 2008. Sales involving foreign buyers represented about 7 percent of the overall residential market.

International buyers came from 53 countries; the top four were Canada (23 percent), Mexico (10 percent), the United Kingdom (9 percent) and China/Hong Kong (8 percent). The most imporĀ­tant factors in a buyer’s decision to purchase U.S. property are the proximity to their home country and the convenience of air transportation.

Florida typically attracts European, Canadian and South American buyers, while the East coast draws Europeans. The Southwest attracts Mexican buyers and the West Coast attracts Asians.