International homebuyers spent $800 million on Austin-area residential properties between April 2019 and this March, according to a new report from the Austin Board of Realtors.
This inaugural Central Texas International Homebuyers Report was based on a survey of Central Texas realtors conducted with the National Association of Realtors.
The report comes as the five-county Central Texas region continues to see sales and median home-sales prices soar, often to record levels. Spanning Georgetown to San Marcos, the Austin area increasingly has become an attractive destination for businesses, workforce talent, university students, and people from across the world looking for new opportunities and a high quality of life.
“The Central Texas region has become a magnet for homebuyers and real estate investors from around the globe,” said Romeo Manzanilla, president of the Austin Board of Realtors.
The $800 million in sales volume from foreign buyers was 5% of all residential sales