Political tensions haven't kept foreign buyers from buying up Texas and Florida real estate

Texas and Florida are the two most favourite locastions for foreign buyers of commercial real estate. This is based on a new study of the National Association of Realtors. China and Mexico — two countries that have been the target of the Trump administration — still account for the largest share of commercial real estate purchases by foreign investors.  

Florida account for 23 percent of commercial real estate deals done by foreign buyers, and Texas accounted for about 16 percent of total transactions.

It is mportant to note that the NAR study focused on smaller commercial real estate deals and not the big landmark deals.  The average purchase price was just under US$1 million.

"The profile of smaller commercial markets is continuing to rise as many foreign investors are attracted to smaller-sized properties in secondary and tertiary markets," NAR's chief economist Lawrence Yun said.

Source: Dallas News, June 2018