Interest in U.S. real estate by international buyers is on the rise. According to the most recent study by the National Association of Realtors® (NAR), international buyers purchased more than $67 billion of real estate in the U.S. during a one-year period ending in 2010. The study cited a number of reasons for this interest, including the strength of foreign currencies vs. the dollar, the current state of the U.S. real estate market, and the value international buyers have traditionally seen in U.S. real estate.
And what countries do international buyers typically call home? The study points out that residents of Canada, Mexico, the United Kingdom and China account for approximately 50 percent of U.S. real estate purchased by foreign buyers.
RealEstateAuctions.com makes purchasing easy for international buyers. Our comprehensive online auction technology is simple to use. International buyers enjoy the same access to property information and the same level of participation in the bidding process as on-site buyers.
Get started today by registering for our site and indicating your preferences. We’ll provide email updates and guide you through the online bidding process.