San Diego was the 14th most searched U.S. city among European house hunters, based on global web traffic on real estate website Trulia.com.
Topping the list in order was Los Angeles, New York and Miami.
What prompted Trulia to compile the rankings? The theory that the European debt crisis has driven people in areas such as Greece, Italy and Spain to scope out homes in the U.S. According to the company's data, there appeared to be a 17.8 percent spike in interest among the Greeks, when comparing the first quarter of 2011 to the last quarter. Italy's interest in American homes increased 7.2 percent during the same timeframe.
The real estate website also broke down which European Union countries were interested in which U.S. cities. For instance, Trulia determined that the Germans, Italians and Swedes were among the most interested in San Diego, based on the percentage of the site's global traffic from each nation.
Click here to see Trulia's graphic.
The U.S. could see an influx of international homebuyers if one piece of legislation is passed.
Senators Charles E. Schumer (D-NY) and Mike Lee (R-UT) want to expedite the visa process for foreign investors on one condition: They must spend $500,000 on property. The proposal is meant to "remove bureaucratic red tape that stifles travel and investment in the U.S.," according to Lee's office in a media statement.
courtesy of: http://www.utsandiego.com/
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