Thursday, March 27, 2014

Mexicans invest 5400 million dollars in U.S. real estate

5000 Mexican invested some $ 456 million over the past year into buying homes in the United States , which became the third best for foreign real estate industry customers in this country .

The amount invested by the Mexicans represented 8.0 percent of the $ 68 thousand 200 million earmarked for foreigners to purchase homes between March 2012 and March 2013.

The figures are included in the report of the Activity Profile of International Home Buyers Residential 2013 he unveiled this week the National Association of Realtors (NAR ) in the United States.

According to the document , Mexicans are the third largest group of foreigners in the real estate market in this country , after the Canadians and Chinese .
The report said that 62 percent of the properties acquired by Mexicans in the states of California and Texas.

According to the report , preferred by Mexicans to acquire U.S. home cities are: San Diego , El Paso, Laredo, San Antonio and Las Vegas.

The report said that about 50 percent of purchases were reported by Mexicans in suburbs and about 30 percent in tourist areas . 89 percent of purchases made by Mexicans were family homes , condos 2.0 percent and 9.0 percent of land .

The average price of homes purchased by Mexican was 156 250 thousand dollars, the lowest of the five major groups of foreign buyers .

Canadians , the largest group of buyers, prices averaged $ 182,000 per household, while the Chinese , the second largest group , averaged $ 425,000 per house.

Mexican purchases were made in 48 percent cash and 52 percent by mortgages.
The report noted that in the period 2012-2013 , 72 foreign countries acquired U.S. homes valued at 68 thousand 200 million dollars.

The Canadians, who totaled 23 percent of home sales made ​​to foreigners in the last year , were the main foreign clients for real estate agents -ber States.

The second place were the Chinese with 12 per cent in third place with 8.0 percent Mexicans and Indians and fourth British with 5.0 percent each .

According to the NAR , foreigners are mainly interested in three factors when deciding where to buy your home in the U.S. : proximity to their home country , convenience of air transportation, and climate and location.
Traditionally, the U.S. East Coast attracts European buyers.
The West Coast remains popular for Asian and Mexican buyers are traditionally attracted to homes located in border states like Texas and Arizona.

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