Buy real estate in the U.S. have the right not only to nationals residing permanently, but also foreigners. U.S. law does not limit them: Natives of China, Canada, India, Mexico and other countries can fulfill the “American dream” and buy a home.
But you must consider that the presence of real estate does not give immigration benefits or visas to the United States.
Among foreign property buyers the largest percentage are the Chinese and Canadians (12% and 24%). Russians are not yet as strongly interested in buying property in America (only 1-2% of all foreign buyers). The most popular states among foreign investors are Florida, California and Arizona. This is due to geography and economics: resort areas are attractive to fans of a comfortable holiday with its warm climate and financial affordability (many houses on the coast are built from cheap lightweight materials, which explains the final low price of housing).
There are several types of real estate in the U.S. that have unique features: condos, co-ops, and detached homes. Each may seem like an attractive investment, but each has both advantages and disadvantages. Condominiums and co-ops are similar to the apartments we know and between them, but have a few important differences. When you enter into a condominium purchase agreement, your apartment and a portion of the living space belongs to you and you alone. If you decide to buy a co-op, you are only buying shares in the company that owns the building with your apartment in it.