International buyers love Texas

September 01, 2023

Texas was the third most popular state in the U.S. for international buyers of residential properties (11.7% of all homes purchased by international buyers), behind Florida (23%) and California (12.2%).

Total dollar volume
$4.3 billion

9,900 sales

Median sales price $320,800

49% paid cash

Country of origin
Mexico 41%
China 8%
India 7%
Nigeria 5%
Venezuela 5%

Type of foreign buyer
Resident 61%
Non-resident 39%

Type of property purchased
Primary residence 51%
Rental property 18%
Vacation home 10%
Student use 6%

76% bought detached single-family home

Top reasons an international client didn’t purchase a property
Cost of property 36%
Could not find property to purchase 34%
Could not obtain financing 24%
Immigration laws 19%
Property taxes 15%

View the full report and other survey results at texasrealestate.com/research.

Research by NAR. Buyers purchased homes from April 2022 to March 2023. Margin of error is +/- 3.1%.

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