Top 10 cities targeted by foreign investors
But which places are international investors targeting in their home search? Point2Homes.com evaluated where buyers from overseas are looking online to gauge possible current and future home-purchasing patterns.
Canadian investors have a growing appetite for U.S. real estate, Point2 finds. Canadian investors made up 91.89 percent of the overall international traffic to Arizona listings, 75.90 percent to Hawaii, 73.92 percent to Michigan, 70.55 percent to Nevada, and 65.05 percent to California.
Las Vegas had the highest overall international traffic online among U.S. cities, with Canadians serving as the leading source of traffic there at 70.47 percent, followed by 5.28 percent of the traffic coming from U.K. residents and 2.19 percent from France.
The top 10 cities for international traffic online by international buyers in the third quarter are:
1. Las Vegas, Nev.
2. Orlando, Fla.
3. Kissimmee, Fla.
4. Detroit, Mich.
5. Pompano-Beach, Fla.
6. Miami, Fla.
7. Mesa, Ariz.
8. Davenport, Fla.
9. Phoenix, Ariz.
10. Indio, Calif.
Overall, Florida emerged as the top state attracting international traffic online for the third-quarter, according to Point2.
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