Rediff.com« Back to articlePrint this article

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
Let's have a look at the biggest outside buyers of US homes.

We live in a global marketplace. While all real estate is local, not all property buyers are. A significant share of home purchases are made by people whose primary residence is outside of the US, says National Association of Realtors in a report.

In the past year sales of American homes to foreign residents (and recent immigrants) increased by nearly a quarter to $82.5 billion, comprising almost nine per cent of the $930 billion home sales market, according to The Economist.

Let's have a look at the biggest outside buyers of US homes.

Source, The Economist

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
People play volleyball on the front lawn of Parliament Hill in Ottawa.

Canada

Homes bought in the US (2012): 23 per cent

Homes bought in the US (2007): 12 per cent

Change in exchange rate against dollar (2007-2012): +15.4 per cent

Global rank: 1

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
A Venetian Lion emblem adorns the footpath as pedestrians walk across a bridge over a canal that flows through the centre of the Florentia Village in Wuqing, Tianjin, China.

China

Homes bought in the US (2012): 13 per cent

Homes bought in the US (2007): 5 per cent

Change in exchange rate against dollar (2007-2012): +22.7 per cent

Global rank: 2

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
A hot air balloon floats past people watching the sunrise at the Sun pyramids of Teotihuacan outside Mexico City.

Mexico

Homes bought in the US (2012): 7 per cent

Homes bought in the US (2007): 14 per cent

Change in exchange rate against dollar (2007-2012): -14 per cent

Global rank: 3

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
Traffic on the road and the Thames passes the Houses of Parliament in London.

The United Kingdom

Homes bought in the US (2012): 7 per cent

Homes bought in the US (2007): 11 per cent

Change in exchange rate against dollar (2007-2012): -18.5 per cent

Global rank: 4

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
Guards stand in Mughal gardens surrounding Rashtrapati Bhavan in New Delhi.

India

Homes bought in the US (2012): 7 per cent

Homes bought in the US (2007): 7 per cent

Change in exchange rate against dollar (2007-2012): -14.7 per cent

Global rank: 5

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
A view shows the Concorde obelisk, Champs Elysees Avenue and the Arc de Triomphe monument in Paris.

France

Homes bought in the US (2012): 3 per cent

Homes bought in the US (2007): 3 per cent

Change in exchange rate against dollar (2007-2012): Nil

Global rank: 6

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
A man walks below a frost covered Wendelstein church, Germany's highest church, on the 1,838 metres (6,030 feet) high Wendelstein mountain near Bayrischzell.

Germany

Homes bought in the US (2012): 3 per cent

Homes bought in the US (2007): 3 per cent

Change in exchange rate against dollar (2007-2012): Nil

Global rank: 7

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
A rainbow forms after a cloudburst over Brazilian Congress in capital Brasilia.

Brazil

Homes bought in the US (2012): 3 per cent

Homes bought in the US (2007): 2 per cent

Change in exchange rate against dollar (2007-2012): +12.2 per cent

Global rank: 8

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
A view of Moscow's Kremlin, Ministry of Foreign affairs and Moscow City business district.

Russia

Homes bought in the US (2012): 2 per cent

Homes bought in the US (2007): 1 per cent

Change in exchange rate against dollar (2007-2012): -11.6 per cent

Global rank: 9

Click NEXT to read more...

Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST
The world's steepest roller coaster 'Takabisha' with a free falling angle of 121 degrees is seen at Fuji-Q Highland amusement park in Fujiyoshida, west of Tokyo.

Japan

Homes bought in the US (2012): 1 per cent

Homes bought in the US (2007): 1 per cent

Change in exchange rate against dollar (2007-2012): +43.5 per cent

Global rank: 10