But while Canadian investors can get a glimpse of a wide variety of properties in the U.S., Europe and Brazil with the newly launched website, Canadian properties are not included.
The NAR said nearly 2.6 million international visitors searched for U.S. real estate alone on Realtor.com, with Canadians leading the list, followed by visitors from the United Kingdom, Germany, Australia and India. The international site, www.Realtor.com/International, launched last week.
The site will not only allow Realtors to offer their expertise and knowledge to a broader knowledge, but also bring buyers and sellers together on a more global scale, said NAR President Ron Phipps.
“Foreign buyers understand the value of owning a home in the U.S. and can rely on a Realtor because of their global perspective and understanding of different cultures and real estate practices,” he said. “This collaboration with Move.com is just one of many ways Realtors can expand and grow their business globally.”
With Canadians leading the surge in U.S. purchases by foreign buyers, much of the sales focus has been on warmer, coastal states recently. The NAR said Arizona, California, Florida and Texas accounted for 58% of all U.S. residential transactions completed by international buyers.
Visitors to the NAR site can search properties for 11 countries in 11 languages. Along with the U.S. and Brazil, the site offers listings for France, Italy, Portugal, Romania, Spain, Slovakia, Bulgaria, Croatia, and Serbia. Listings range from the multi-million price range to some homes for well under $10,000. A simple search variation allows prices to be listed in Canadian dollars.
Rentals are also offered on the site.
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