Foreign buyers - not so crazy about Boston
OK, that's an exaggeration. But the Hub and its suburbs are not the top destination for overseas buyers.
A ranking of the 100 largest metro markets in the country by Trulia puts Boston at #35 in terms of interest by foreign buyers. Middlesex County, home to the western and a good part of the northern suburbs, weighs in at No. 44.
In my book, that's fairly mediocre, especially given all they hype over the years about Boston's supposedly international appeal.
I always thought we were a top destination for wealthy Middle Eastern oil princes and the like, but I guess there are more welcoming, warmer and cheaper cities to buy in.
So who's looking for homes in the Boston area?
So who's looking for homes in the Boston area?
Canadians are the top source of foreign interest, nice enough but hardly qualifies as exotic.
The Irish and Portugese apparently are hot on Boston real estate as well - again, not exactly a stunner. Israelis apparently have taken a shine, in turn, to the western suburbs.
According to Trulia, here are the zip codes in Massachusetts that are most searched by foreign buyers.
02199: Back Bay / Prudential Center
02647: Hyannis Port
02108: Beacon Hill
02142: East Cambridge / MIT
02111: Leather District / Chinatown
02115: Fenway / Huntington Ave / Northeastern
02215: Fenway / Kenmore / BU
02116: Back Bay
02134: Allston
02543: Woods Hole
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