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Indians among top buyers of homes in US

Last updated on: June 20, 2012 12:35 IST

Indians among top buyers of homes in US

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We live in a global marketplace. While all real estate is local, not all property buyers are. A significant share of home purchases are made by people whose primary residence is outside of the US, says National Association of Realtors in a report.

In the past year sales of American homes to foreign residents (and recent immigrants) increased by nearly a quarter to $82.5 billion, comprising almost nine per cent of the $930 billion home sales market, according to The Economist.

Let's have a look at the biggest outside buyers of US homes.

Source, The Economist

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Image: Let's have a look at the biggest outside buyers of US homes.
Photographs: Handout/Reuters

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Indians among top buyers of homes in US

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Canada

Homes bought in the US (2012): 23 per cent

Homes bought in the US (2007): 12 per cent

Change in exchange rate against dollar (2007-2012): +15.4 per cent

Global rank: 1

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Image: People play volleyball on the front lawn of Parliament Hill in Ottawa.
Photographs: Chris Wattie/Reuters
Tags: US , Homes , Canada

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Indians among top buyers of homes in US

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China

Homes bought in the US (2012): 13 per cent

Homes bought in the US (2007): 5 per cent

Change in exchange rate against dollar (2007-2012): +22.7 per cent

Global rank: 2

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Image: A Venetian Lion emblem adorns the footpath as pedestrians walk across a bridge over a canal that flows through the centre of the Florentia Village in Wuqing, Tianjin, China.
Photographs: David Gray/Reuters
Tags: US , China , Homes

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Indians among top buyers of homes in US

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Mexico

Homes bought in the US (2012): 7 per cent

Homes bought in the US (2007): 14 per cent

Change in exchange rate against dollar (2007-2012): -14 per cent

Global rank: 3

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Image: A hot air balloon floats past people watching the sunrise at the Sun pyramids of Teotihuacan outside Mexico City.
Photographs: Henry Romero/Reuters
Tags: US , Homes , Mexico

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Indians among top buyers of homes in US

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The United Kingdom

Homes bought in the US (2012): 7 per cent

Homes bought in the US (2007): 11 per cent

Change in exchange rate against dollar (2007-2012): -18.5 per cent

Global rank: 4

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Image: Traffic on the road and the Thames passes the Houses of Parliament in London.
Photographs: Suzanne Plunkett/Reuters

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Indians among top buyers of homes in US

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India

Homes bought in the US (2012): 7 per cent

Homes bought in the US (2007): 7 per cent

Change in exchange rate against dollar (2007-2012): -14.7 per cent

Global rank: 5

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Image: Guards stand in Mughal gardens surrounding Rashtrapati Bhavan in New Delhi.
Photographs: Eric Feferberg/Pool/Reuters
Tags: US

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Indians among top buyers of homes in US

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France

Homes bought in the US (2012): 3 per cent

Homes bought in the US (2007): 3 per cent

Change in exchange rate against dollar (2007-2012): Nil

Global rank: 6

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Image: A view shows the Concorde obelisk, Champs Elysees Avenue and the Arc de Triomphe monument in Paris.
Photographs: Gonzalo Fuentes/Reuters
Tags: US , France , Homes

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Indians among top buyers of homes in US

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Germany

Homes bought in the US (2012): 3 per cent

Homes bought in the US (2007): 3 per cent

Change in exchange rate against dollar (2007-2012): Nil

Global rank: 7

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Image: A man walks below a frost covered Wendelstein church, Germany's highest church, on the 1,838 metres (6,030 feet) high Wendelstein mountain near Bayrischzell.
Photographs: Michael Dalder/Reuters
Tags: US , Homes , Germany

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Brazil

Homes bought in the US (2012): 3 per cent

Homes bought in the US (2007): 2 per cent

Change in exchange rate against dollar (2007-2012): +12.2 per cent

Global rank: 8

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Image: A rainbow forms after a cloudburst over Brazilian Congress in capital Brasilia.
Photographs: Jamil Bittar/Reuters
Tags: US , Homes , Brazil

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Russia

Homes bought in the US (2012): 2 per cent

Homes bought in the US (2007): 1 per cent

Change in exchange rate against dollar (2007-2012): -11.6 per cent

Global rank: 9

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Image: A view of Moscow's Kremlin, Ministry of Foreign affairs and Moscow City business district.
Photographs: Anton Golubev/Reuters
Tags: US , Homes , Russia

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Japan

Homes bought in the US (2012): 1 per cent

Homes bought in the US (2007): 1 per cent

Change in exchange rate against dollar (2007-2012): +43.5 per cent

Global rank: 10


Image: The world's steepest roller coaster 'Takabisha' with a free falling angle of 121 degrees is seen at Fuji-Q Highland amusement park in Fujiyoshida, west of Tokyo.
Photographs: Handout/Reuters
Tags: US , Japan

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