Florida Top Real Estate Market For Foreign Investors

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Florida Top Real Estate Market For Foreign Investors

Posted by Web Master on Wednesday, March 27th, 2013 at 12:22pm.

While many markets across the nation might be under duress in the wake of recession difficulties, U.S. housing markets are still comparatively very strong with foreign markets. That's why plenty of families an individual investors look to this country for reliable, great real estate investments. In particular, they're choosing Florida head-and-shoulders above the rest. As reported by MSNBC, Florida continues to be the most popular real estate destination for foreign investors, accounting for 31% of all homes owned residents originally from outside of the U.S. Second-place California, for comparison, represented only 12%. This goes to show how happy many of our foreign investors feel in real estate markets here in our state, and it should come as no surprise. With beautiful beach-side communities like West Palm Beach where you find luxury living at it's best, it's one of the most coveted real estate markets in the country. What's more is foreign home buyers are coming to represent more and more of the market. While national home sales to foreign investors was strong in 2009 with around $66 billion in representation, that number increased to $82 billion in 2010 and is likely to see an increase in 2011 numbers as well. If you're looking for the perfect Florida luxury home to buy, you'll definitely want to talk with our luxury real estate experts at Lang Realty. Give our offices a call today at 866.733.2214 and we'll find the perfect property just for you.


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