International Homebuyers Invest In Austin Area
According to the Central Texas International Homebuyers Report by the Austin Board of Realtors (ABoR), from April 2020 to March 2021, international homebuyers immersed Austin’s economy by $634 million. Mexico and China were the top countries for foreign home buyers in Austin. Both countries represented fourteen percent of home buyers, Canada and India with six percent, and Armenia with five percent of foreign homebuyers.
ABoR take note that even during the global pandemic, Austin continues to attract international homebuyers. They prefer buying townhouses, condominiums, and land as investment or vacation properties. Young professionals, students, and families took advantage of Austin’s high quality of life, entrepreneurial culture, job opportunities from many international companies, economic growth, and global recognition for many festivals and attractions.