Quick Takeaways

  • Southern Europe is more affordable than some U.S. cities
  • However, houses are unaffordable for younger Europeans
  • Golden visas give buyers residency in exchange for spending cash on real estate

Source: Americans Head to Europe for the Good Life on the Cheap (The New York Times, Mar. 20, 2023)

COVID-19 upended the foreign real estate market, but the opening of borders in many countries has created new demand in some interesting markets.

As foreign investors return to the United States, post-COVID trends are beginning to emerge. NAR has published the 2023 Profile of International Transactions in U.S. Residential Real Estate. Foreign buyers purchased homes in Florida, California, Texas, North Carolina and Arizona. Maine and Hawaii have the most agricultural land owned by foreign investors.

There are plenty of options for savvy U.S. investors looking to invest abroad. There are a great deal of Asian markets outside of China that are poised for growth, as well as many Central and South American cities. As always, Real Estate International Trusts (REITs) are a great way to diversify your portfolio!

See References for more information.