25% of international investors buy a home in Florida
According to the Florida Realtor news.
In the 12 months that ended in June 2014, the dollar value of purchases in Florida hit $7.97 billion – a 24 percent increase over the amount spent ($6.43 billion) the year before. About one in 10 property purchases (10 percent) in the state (26,500) involved a foreign buyer, an increase from 9 percent the year before.
Two major trends drove the increase in foreign buyers: A continuing recovery of the world's economy and the affordability of U.S. properties.
U.S. and Florida residential prices remain affordable to most international homebuyers, and they buy property that, overall, costs more than the mean price paid by domestic buyers. In Florida, 76 percent of all Realtors cited less expensive property as a top reason for purchase.
Canadian buyers accounted for the largest share of international clients (32 percent), followed by:
• Western Europe: 24 percent; primarily from the United Kingdom, France and Germany
• Latin America/Caribbean: 23 percent: primarily from Brazil and Venezuela
• Asia: 10 percent; primarily from China
Sales to non-resident international clients as percent of international sales:
• Orlando-Kissimmee: 11 percent
• Tampa-St. Petersburg- Clearwater: 11 percent
• Miami-Miami Beach: 10 percent
• Bradenton-Sarasota-Venice: 8 percent
• Fort Lauderdale: 8 percent
Contact Qi Li : 941-928-5373 or visit : www.qilihomes.com for your real estate needs in Florida.