It seems like there is no slowing down for foreign buyers looking to buy homes in the U.S. and Florida takes first place. In a new report that tracks International home shoppers shows the sunshine state with 25% of the market.
In the past 12 months that ended in June 2014, the dollar value of purchases in Florida topped $7.97 billion – a 24% increase from the previous year. The metropolitan areas with the most sales were: #1 : Orlando-Kissimmee with 11.5%, then 2cd place : Tampa-St. Petersburg with 11%, then 3rd : Miami-Miami Beach with 10%, then two tied at 4th place: Fort Lauderdale & Sarasota-Bradenton both with 8% of sales.
The countries were buyers are coming from: Canada, Western Europe, United Kingdom, France, Germany and of course many South Americans especially in the Miami-Fort Lauderdale real estate markets.