Photographs: Handout/Reuters
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
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Indians among top buyers of homes in US
Photographs: Chris Wattie/Reuters
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
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Indians among top buyers of homes in US
Photographs: David Gray/Reuters
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
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Indians among top buyers of homes in US
Photographs: Henry Romero/Reuters
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
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Indians among top buyers of homes in US
Photographs: Suzanne Plunkett/Reuters
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
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Indians among top buyers of homes in US
Photographs: Eric Feferberg/Pool/Reuters
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
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Indians among top buyers of homes in US
Photographs: Gonzalo Fuentes/Reuters
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
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Indians among top buyers of homes in US
Photographs: Michael Dalder/Reuters
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
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Indians among top buyers of homes in US
Photographs: Jamil Bittar/Reuters
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
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Indians among top buyers of homes in US
Photographs: Anton Golubev/Reuters
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
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Indians among top buyers of homes in US
Photographs: Handout/Reuters
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
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