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U.S. housing market receiving much international attention

Large numbers of Europeans are buying U.S. property either to relocate here or for investment purposes, according to a RealtyPartner study released today.

While acknowledging a statistic that Canadian and Chinese citizens account for the majority of international homebuyers in the U.S., RealtyPartner singled out Spanish, French and Italians among European buyers taking advantage of the current low list prices of U.S. residential property.

Overall, RealtyPartner said foreign buyers have spent $16 billion in the American real estate market, with a majority of homes being paid for in cash.

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