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.

https://austonia.com/austin-fo...

[Neil Narayan]

@Bert Declercq

Yes most either buy cash or hard money. Here is an article that talks about financing requirements for foreigners.

https://myrawealth.com/insights/can-a-foreigner-buy-a-house-in-the-us#:~:text=The%20Easiest%20Way%20For%20Foreigners,to%20meet%20certain%20financing%20requirements.