Lifting international travel ban anticipated to boost foreign real estate purchases

by | Nov 19, 2021 | 0 comments

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International travel to the United States began to return in full force as of Nov. 8 when the White House lifted pandemic restrictions that had kept people from dozens of countries from entering.

Now that citizens from European, Asian, African, Central and South American countries that were previously banned from traveling to the United States can enter as long as they’re vaccinated, real estate agents are anticipating a boom in housing purchases by international buyers.

 

Sales to foreign buyers declined to the lowest level in a decade between the time the pandemic began through March 2021, according to the National Association of Realtors’ 2021 Profile of International Transactions in U.S. Residential Real Estate.

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