Foreign buyers snapped up almost 14,000 Texas homes last year.
During the 12 months ending in March, foreign buyers purchased $6.6 billion in Texas properties, according to the Texas Realtors association’s annual study.
That’s down significantly from the $7.8 billion in Texas housing purchased by foreigners in the 2019 report.
And home purchases in 2019 by international buyers fell 28% in Texas from 2018 levels.
Texas accounted for 9% of total U.S. foreign home purchases in the most recent study.
“Despite the slight drop in foreign buyers compared to the previous reporting period, Texas remained a top state for international buyers, particularly those coming from Latin America,” Cindi Bulla, chairman of Texas Realtors, said in the report. “Texas continues to enjoy strong international real estate sales activity.
“From relocations to commercial or residential, foreign buyers choose Texas because of our resilient economy, job availability, investment opportunities and friendly business climate.”