INTERNATIONAL BUYERS LOVE FLORIDA!
When it comes to foreigners looking to plant roots in the United States, Florida is the hot spot.
The Sunshine State is the most popular among foreign home buyers with 31 percent of all home purchases made there coming from foreign residents, according to a study by Credit Sesame, an online credit and loan management firm, that used National Association of Realtors’ data.
Foreign buyers represented $82 billion of the U.S. real estate market in 2010, while in 2009 they represented only $66 billion.
“Housing is more affordable than ever,” said Susan Wachter, professor of real estate and finance at The Wharton School, University of Pennsylvania. “It’s difficult to get credit now but international investors come with cash.”
Foreign buyers also purchase higher-priced real estate.
With international buyers so integral to our market, make sure to list your property with a true international Real Estate Company to achieve the best result. If you are interested in selling contact us to take advantage of our international connections.