Overall, 284,455 US properties were bought by foreign buyers, up 32 per cent from 2016. Vietnamese buyers were estimated to spend $2-3 billion buying US residential properties during the period. Chinese buyers also purchased the most housing units for the third consecutive year (40,572, up from 29,195 in 2016), according to the report. Rounding out the top five were Canada ($19.0 billion), the United Kingdom ($9.5 billion), Mexico ($9.3 billion) and India ($7.8 billion). Florida, California and Texas remained the top destinations for foreigners, accounting for nearly half of all foreign sales.

Source: Viet Nam News July 21, 2017 13:30 UTC