Texas Commercial Property Appeals to International Real Estate Investors
Texas is ranked number two on the most popular buying location for international investors. Although political tensions are high that has not stopped foreign buyers from purchasing US real estate.
Florida in at the top of the buying market with twenty-three percent of international property deals. Texas falls under with sixteen percent.
Even with China and Mexico being at odds with the Trump administration, they are the largest foreign investors of commercial property.
Compared to 2016 the percentages to the trade organization are China with twenty percent, Mexico with eleven percent, then Canada with eight percent and United Kingdom with six percent.
According to Steve Brown with Dallas News, Apartments are at the top of foreign investor’s United States shopping list, then industrial building and land.
More than half of their purchases were paid all by cash, no financing.