Source: Fox 7 News —
AUSTIN, Texas – The Austin real estate market has been very hot over the last couple of years, and that’s especially true when it comes to international home buyers.
A new report showing more and more people from around the world are buying homes here in the Austin area, contributing $613 million to the region’s economy from April 2021-March 2022.
The Austin Board of REALTORS’s 2022 Central Texas International Homebuyers Report shows Indian homebuyers comprised the largest share of international homebuyers at 21%, with Mexico (10%), China (6%) and Canada (4%) rounding out the top 4.
Ashley Jackson, president-elect of the Austin Board of REALTORS, spoke with FOX 7 Austin’s John Krinjak about the report and its findings.
JOHN KRINJAK: So your organization recently put out the 2022 Central Texas International Homebuyers report shows about 3% of all sales in the Austin area were from buyers internationally. How big of a deal is that?
ASHLEY JACKSON: You know, I think it’s a pretty big deal. And it shows really the work that Austin has put into becoming an international destination over the past 20 years. We have a lot of events here that attract international buyers, and of course, we offer a great quality of life in Austin. From Austin FC, Formula One, Austin City Limits Festival. We have a lot here that makes Austin great for Austinites and international buyers.
JOHN KRINJAK: And so what were some of the top countries? I understand India had a pretty big proportion of this international market, right?
ASHLEY JACKSON: Yeah, that’s correct. So India buyers from India represent about 21% of the international buyers that we’re seeing in the area, and then about 10% are coming from Mexico. China comes in around 6%. So those are the top three that we’re seeing coming to the Austin area.
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