More foreign buyers chose Chicago for their real estate investments
Photo by Vladislav Klapin on Unsplash
To buy and own real property in the United States continues to have a strong International appeal. According to the National Association of REALTORS’ 2016 Profile of International Activity, residential real estate sales in the U.S. to international buyers accounted for $102 billion between April 2015 and March 2016.
Buyers bought mainly in the five following states: Florida, California, Texas, Arizona and New York. Latin Americans, Europeans and Canadians mostly bought properties in Florida and Arizona. California and New York attracted mostly Asian buyers.
The Mid-West – and that means mostly the city of Chicago – is gaining in…