Austin metro posts $800M in home sales to foreign buyers

[Neil Narayan]

International customers spent $800 million on local real estate between April 2019 and March 2020, according to a new report from the Austin Board of Realtors. ABoR attributed this market share to the areas's appeal as a global destination for businesses and individuals alike, noting that one in five Austinites is foreign born.

"The Central Texas region has become a magnet for homebuyers and real estate investors from around the globe," President Romeo Manzanilla said in a statement.

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