Indians among top buyers of homes in US

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

...

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

...

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

...

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

...

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

...

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

...

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

...

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

...

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

...

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

...

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