Foreign luxury home buyers flock to LA as billionaires exit

While California’s proposed wealth tax may prompt some billionaires to relocate to other states, international buyers are increasingly investing in the Los Angeles luxury home market. Following the January 2025 wildfires, foreign interest surged, peaking at 18.2 percent of luxury home searches in L.A. by December, Realtor.com reported. Although demand dipped slightly in early 2026, global buyers continue to target L.A.’s trophy properties. Agents report robust activity: Nicole Plaxen of Sotheby’s recently toured homes with a Brazilian family with an $80 million budget and closed deals with a Japanese investor. Her overseas clients typically invest $50 million or more, favoring […]This article originally appeared on The Real Deal. Click here to read the full story.