The National Association of Realtors just released their latest report “Profile of International Home Buying in Florida”
Reasons to Purchase A Property in Florida
Florida is an attractive destination for both international and domestic buyers. Based on REALTORS experience working with foreign buyers, the single most important factor influencing the purchase of a home is that Florida is viewed by a majority of foreign buyers (72%) as a desirable location. Florida real estate is viewed as a profitable investment by 16% of foreign buyers while 6% view Florida real estate as a secure investment.
Destination of Foreign Home Buyers
The Miami-Ft. Lauderdale area was the most frequently reported location of a home purchased by a foreign buyer in Florida. One in 5 (21%) foreign buyers purchased a home in the area, followed by one in ten (11%) who purchased a home in the Orlando area. Sarasota, Tampa, Ft. Myers and Naples rounded out the top six accounting for at least 5 percent of purchases by foreign buyers. The remaining 39 percent of purchases were in other areas of Florida.
To read the report in it’s entirety or others click here.