Do you have a condo to sell in NYC?

Chances are that a foreigner will buy it.

Overseas buyers currently account for one-third of condo buyers and 15% of the total buyers in the city, according to figures released Friday by residential brokerage Stribling & Associates. During the peak of the market in 2007, foreign buyers made up as much as 30% of total purchases in the city.

 “The countries may change, but international buyers will always look to New York as a prime (location) for a home,” said Elizabeth Stribling, president of the brokerage, in a statement. Ms. Stribling first shared the statistics last month at Savills' global World Cities Review conference. Global luxury real estate property firm Savills is Stribling's international affiliate based in UK. Part of that resilience owes to the fact that foreign buyers have a greater tendency to use all-cash in purchasing property, and as a result have not been hampered as much by the tight credit market.

 “Over the last year the dollar has been especially weak against a number of foreign currencies and that has increased foreign investor participation in Manhattan, which has been helpful to the new development and condo market,” said Jonathan Miller, CEO of Miller Samuel Inc., an appraisal firm which puts out a quarterly residential market report along with Prudential Douglas Elliman. “Foreign buyers are one of the key reasons condos outsold co-ops in the third quarter.”