According to recent insights, international investors are zeroing in on Texas as a premium location for home purchases, ringing up an impressive $4.3 billion in transactions between April 2022 and March 2023. This influx of overseas dollars represents 2.8 percent of total home sales volume and a significant 3.6 percent of the overall monetary value of residential sales in the area.
When it comes to home pricing, the median price tag for foreign buyers sat slightly lower than the Texas average, at $320,800 compared to $342,000. However, purchase price statistics reveal that a considerable subset of these foreign transactions involves pricey, high-class properties, with the average purchase price soaring to $446,100.
Notably, 49 percent of international buyers chose all-cash transactions, with a remarkable 61 percent already residing in the U.S. on visas. Among American states, Texas ranks third as a choice for international homebuyers, tailing Florida and California.
Leading the pack of overseas buyers were the Mexicans, claiming a substantial 41 percent of residential purchases by foreign nationals. Other active international investors hailed from China, India, Nigeria, and Venezuela. As Central Texas thrives and grows, it continues to draw global real estate investors, displaying a positive trend for our local economy. For more details, check out the full report [here](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=29806).