International Homebuying is over 8 Billion Dollars

Dated: 09/23/2019

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International Homebuying Activity Adds Nearly $8 Billion to Texas Economy

Texas ranked third in the nation for homes sold to international buyers from April 2018 to March 2019, according to the Texas International Homebuyers Report released today by Texas REALTORS®. The 18,310 sales to international buyers accounted for 10% of all U.S. sales to international buyers and added $7.8 billion to the Texas economy.

Nearly a third of Mexican nationals who bought homes in the U.S. did so in Texas, making it the most popular state with international buyers from Mexico. Texas was just behind Florida for buyers from India, capturing 13% of the segment compared to Florida’s 14%.

Texas also ranked third among commercial real estate buyers who work with REALTORS®, according to the 2019 Commercial Real Estate International Business Trends report from the National Association of REALTORS®. Among the most popular metros, Dallas was fifth with $2.9 billion in dollar volume and Houston was ninth with $2.2 billion.

“Texas is seen as a solid state for investments due to our strong economy, business environment, and large metropolitan areas,” said Tray Bates, chairman of Texas REALTORS®. “Investors are interested in residential and commercial real estate in Texas where they can deploy their resources to make an attractive return. Specifically, we’re seeing international investors look to Texas for large-scale investments in subdivisions and master planned communities.”

Delegates from Texas REALTORS® traveled to the leading international real estate development conference, Le marché international des professionnels de l’immobilier(MIPIM), in Cannes, France, to meet with international real estate investors and showcase the attractive investment climate of Texas. 

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Dwight Cook

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