US RANKS AS TOP DESTINATION FOR INTERNATIONAL HOME BUYERS
NO SURPRISES FOR THOSE OF US IN THE TRENCHES OF BUYING AND SELLING...OF COURSE CALIFORNIA IS THE #1 DESTINATION!
Sixty-nine percent of international buyers paid all cash for their properties, compared to 27 percent of traditional buyers who paid all cash.
Viewing the country as a safe place to put their money, international home buyers preferred purchasing properties in the United States over other countries, according to "California Association of Realtor's 2013 International Clients Survey.”
International buyers chose to purchase in the U.S. for its desirable location and climate (20 percent), to be closer to family and friends (20 percent), investment opportunities (9 percent), changes in work and employment (9 percent), educational opportunities (6 percent), and affordable prices (4 percent).
International buyers purchased a property in the U.S. primarily for investment purposes or tax advantages (18 percent) or to rent out (14 percent), contrary to traditional home buyers, who purchased primarily because they were tired of renting (23 percent).
Looking at California specifically, Los Angeles County was the top location where international buyers purchased properties (35 percent). International buyers also purchased homes in Orange (22 percent), San Diego (20 percent), Riverside (14 percent), Contra Costa (7 percent), and Santa Clara (7 percent) counties.