• Houston's condo prices are lower than other major metros.
  • You can catch a direct flight to every major Mexican city from Houston.
  • A 99-unit condo tower in the Galleria is 50 percent pre-sold after breaking ground in October.

The demand for Houston condos within the Galleria and River Oaks District is being driven in large part by foreign national buyers. According to Nancy Almodovar, CEO of Nan & Co. Properties, foreign nationals, namely those from Mexico and Latin America, 'love' Houston condos. A number of these foreign buyers are looking to purchase units, often on a presale basis, as second or investment homes, while another portion are relocating to Houston. This interest is of good news to brokerages like Nan & Co., which caters to foreign national buyers. "Is it slowing Houston, not at all," Almodovar said, pointing to Randall Davis' 99-unit condo tower in the Galleria, which is more than 50 percent pre-sold. The development, dubbed Arabella, broke ground this past October. Brea...