Indians are investing in real estate in US like never before. Here are the figures

Indians in the US are investing in the US and have become top investors in the residential property in the country.

Indians have invested residential property worth $7.8 billion during the 12-month period ending March 2017.

This made Indians fifth largest investors in real estate in the US. The investment was mostly made as primary residence or for use by a child studying in the US.

Meanwhile, Chinese nationals were the top buyers at $31.7 billion in the same period, followed by Canadians, British and Mexicans.

Between April 2015 and March 2016, Indians had invested $6.1 billion and occupied third place on the list of biggest buyers. However, a surge of investments from other nationalities resulted in Indians slipping to fifth position in 2016-17.

In aggregate, foreign buyers purchased $153 billion of residential property in US between April 2016 and March 2017.

"The political and economic uncertainty both here and abroad did not deter foreigners from exponentially ramping up their purchases of US property over the past year," Lawrence Yun, NAR's chief economist, told ET, adding “While the strengthening of the US dollar in relation to other currencies and steadfast home-price growth made buying a home more expensive in many areas, foreigners increasingly acted on their beliefs that the US is a safe and secure place to live, work and invest.”