In one year, foreign consumers spent $800M on Austin-region residences

Global homebuyers invested $800 million on Austin-location household properties amongst April 2019 and this March, in accordance to a new report from the Austin Board of Realtors.

This inaugural Central Texas Intercontinental Homebuyers Report was primarily based on a study of Central Texas realtors performed with the Nationwide Association of Realtors.

The report will come as the 5-county Central Texas region proceeds to see sales and median household-revenue costs soar, normally to report degrees. Spanning Georgetown to San Marcos, the Austin space significantly has come to be an appealing place for companies, workforce expertise, university pupils, and men and women from throughout the entire world looking for new alternatives and a substantial high-quality of lifestyle.

“The Central Texas region has grow to be a magnet for homebuyers and serious estate buyers from all-around the globe,” reported Romeo Manzanilla, president of the Austin Board of Realtors.