Texas continues to be popular with international homebuyers

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The flag of Texas flapping in the wind.

09/01/2016 | Author: Editorial Staff

The Texas International Homebuyers Report released today by the Texas Association of REALTORS® shows that Texas remains a top destination for international homebuyers, with more than $10 billion being added to the state's economy from international home sales between April 2015 and March 2016.

In that time period, Texas accounted for about 10% of the 214,885 home sales by international homebuyers nationwide, which was 7% of all U.S. home sales and $102.6 billion in associated dollar volume. That represents a 2% increase for Texas compared to the previous period.

“Over the last several years, Texas has become increasingly popular among international homebuyers from all parts of the globe for relocations, investment properties, and vacation homes,” said Leslie Rouda Smith, chairman of the Texas Association of REALTORS®. “In addition to our state’s strong economy and job growth, Texas’s friendly and welcoming culture is part of what makes our state a great place to live, work, and do business.”

Of international homebuyers purchasing in Texas, 36% were from Latin America, 34% were from Asia/Oceania, 12% were from Europe, 8% were from Africa, and 4% were from Canada. In addition to having the highest share of buyers from India of any state—one in five—Texas also had the highest proportion of homebuyers from Mexico at 35%.

For Texas REALTORS® looking to learn more about international real estate or get their CIPS designation, registration is now open for the 2017 Texas REALTORS®International Cruise. Set for February 26 to March 5, 2017, the cruise will offer 44 hours of CE on a voyage from Galveston to Cozumel, Mexico; George Town, Grand Cayman; and Falmouth, Jamaica.

Categories: Research
Tags: international, cips, research


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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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