International real estate purchases in the US continued to account for a significant share of business for many real estate agents over the last year, according to the National Association of Realtors (NAR), Chicago. The typical international owner stayed at his or her US property for 2.6 months during the year, according to the NAR survey findings. Homebuyers from North America, Europe and Asia accounted for more than 85% of recent foreign home-buying transactions, according to the NAR survey. The primary reasons some clients did not eventually buy a house were home-price concerns, immigration laws and property taxes, explained Tony Macaluso, 2008 chair of NAR's international business group.
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