International buyers show continued interest in California real estate. They come from nearly all over the globe, but five countries account for 53 percent of the reported transactions in a recent study: Canada (23%), China (12%), Mexico (8%), India (5%), and the United Kingdom (5%). There is international activity throughout the country, but the top five states made up 61 percent of the reported purchases: Florida (23%), California (17%), Arizona (9%), Texas (9%), and New York (3%).
This provides an added benefit to our clients, by expanding the reach of high-end potential buyers.
These “out-of-area” buyers have high net worth’s and are looking for Los Angeles area coastal properties to be used as vacation/second homes or investments.