NAR Global released the 2018 Profile of International Transactions in U.S. Residential Real Estate in August 2018. There is a lot of information in the report; however, the following info and stats are specific to Illinois residential real estate.
This year we see Illinois’ major investors coming from China, India, Mexico and the United Kingdom.
The total dollar volume of sales for the top 5 countries (listed below) is as follows:
- Canada: $10.5b
- China: $30.4b
- India: $7.2b
- Mexico: $4.2b
- UK: $7.3b
Let’s translate that into Illinois’ dollar volume share for four of the top five countries investing in the US between April 2017- March 2018:
- Chinese buyers purchased $912m in Illinois residential real estate (2016-2017 figures for Chinese investment in Illinois were 7% of the 31.7b or $2.2b in Illinois)
- Buyers from India purchased $216m in Illinois residential real estate
- Mexican buyers purchased $252m in Illinois residential real estate
- Buyers from the United Kingdom purchased $657m in Illinois residential real estate
Illinois remained at three percent of the overall share of foreign buyers, with $3.6B in residential real estate purchased by foreign buyers between April 2017-March 2018.