Jan 10 2008
Pennsylvania Named Hotspot for Europeans Purchasing Homes
When it comes to purchasing homes, more Europeans are choosing Pennsylvania for vacation and investment properties, according to a survey conducted by the National Association of Realtors(R) (NAR) and sponsored by the Pennsylvania Association of Realtors(R) (PAR) and the Pennsylvania Realtors(R) Education Foundation (PREF).Almost two-fifths of international buyers in Pennsylvania purchased a home in the Philadelphia area, while Pittsburgh captured over 14% of foreign home sales.
For the nation as a whole, the largest share of foreign home buyers came from Europe, Asia and North America. In Pennsylvania the majority came from Europe, specifically, the United Kingdom but also from India, China, Canada and Brazil.