Foreign Buyers Snap Up U.S. Real Estate

Real estate agents are increasingly courting foreigners to buy homes in the USA — hiring agents fluent in other languages, marketing to foreign buyers and in some cases, offering to pay the airfare and hotel bills of foreign shoppers who buy a home.

The agents are eager to win the business of foreign investors who are swooping in to buy property in the USA as home prices plummet and the dollar's weak value produces eye-popping deals for international buyers.

Because of the sinking value of the U.S. dollar relative to other currencies, a home bought by a foreigner comes with a discount averaging 30%, the National Association of Realtors estimates. Between April 2006 and April 2007, about 30% of foreign buyers came from Europe, according to an NAR survey. To read more click here.

By Stephanie Armour, USA TODAY

Sell Local, Sell Global

Below you will be able to see the 14 countries that have received e-mail inquiries since the beginning of the year. The United States, Mexico and Bahamas are the three countries that have received the greatest amount of email inquiries so far this year.

Countries Receiving E-Mail Inquiries:



Bahamas

Croatia

Portugal



Bolivia



Honduras

Spain



Brazil



Mexico



United
States



Canada



Nicaragua

Uruguay

Costa
Rica

Panama

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