Foreign Investor Activity in Real Estate in the Florida Real Estate Market from June 2011 to June 2012
Foreign real estate investors are certainly making their presence felt in the Florida real estate market, as their tremendous increase in sales accounted for as much as 19 percent of the $58 billion in home sales made within the state during the June period. from 2011 to June. 2012.
A total of $10.7 billion was reportedly spent by foreign real estate investors who chose to participate in the Florida real estate market for all their investment needs. Most of the transactions were made in cash.
The best rentals
Of the many locations that are within the state of Florida, the top locations for most foreign real estate investors include Miami-Dade County, where 32 percent of all sales were made, Broward County, where 12 percent of all sales were made and Palm Beach County. where 7 percent of all sales were made.
Florida has always been a major tourist destination within the United States. With so many different environments and communities to choose from, it’s no surprise that the foreign population is growing, especially since the region is known to have such wide cultural diversity in the first place.
main reasons
In addition to the opportunity to own your own home in one of the most beautiful states in the United States, where the best lifestyles are provided, foreigners have also been eager for the many bargain opportunities that have become available in Florida real estate. market, especially for those whose local currency gives them the opportunity to get more value for money.
Likewise, foreigners from nations facing economic difficulties tend to seek stable investment opportunities such as those available in Florida that allow them to keep their wealth in a safe place with the possibility of earning profits over time.
Needless to say, the luxury sector of the market has gained a lot of attention as wealthy property buyers from around the world look to take advantage of the deep discounts currently on offer on the most illustrious homes and condos available in the region. particularly those within exclusive communities in Miami Beach, such as the South of Fifth neighborhood, South Beach, Millionaire’s Row, Bal Harbor and Sunny Isles Beach.
If you are interested in the different types of options currently being offered to foreign property investors in the real estate market, you should ensure that you contact a professional agent who can provide you with full details of the options available. .