Treasure Coast Real Estate Attracts International Buyer
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Treasure Coast Real Estate Attracts International Buyer

Posted by Web Master on Wednesday, March 27th, 2013 at 3:29pm.

On Florida’s east coast, there is a region called the Treasure Coast, which is 4 counties: Indian River, Martin, Okeechobee and St. Lucie. The name refers to Spanish ships, treasure-laden, that sunk off the Florida's Atlantic coast in 1715. The Treasure Coast is now valued by international investors. Real estate prices in this hard-hit hurricane state fell so low, buyers throughout the U.S. saw Florida as an investment opportunity. With value of the U.S. dollar weakening and exchange rates providing a new incentives, international investors began looking to Florida, too. In 2012, the National Association of Realtors surveyed Florida Realtors about the number of non-resident client/buyers they were seeing. The International Home Buyers Report reveals this about Treasure Coast property buyers/investors:

  • Florida was one of four U.S. states that had the most home sales to non-resident foreigners 2011-2012.
  • Most of the property sales were cash transactions.
  • International buyers paid 56% more for Florida property than its residents.
  • Canadians led the International buyers in property transactions.

Visit our website for an online property search, or contact our team of real estate professionals today for additional information about residential or investment property in South Florida.  " Like" us on Facebook, too!

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