Florida Leads the Nation in Foreign Real Estate Investment

Yesterday, the Palm Beach Post published an article indicating that almost a quarter of all foreign buyers in U.S are choosing properties in Florida. Florida is reported to lead the nation with 22% of foreign real estate sales, while California is second it falls far behind with only 12% of foreign real estate sales.

According to a recent study, it was found that in the course of a year foreign investment in Florida’s real estate was about $41 billion.

In Florida, this means foreign dollars helping to breathe life into the housing market. Not to mention, that as much as, 82% of Florida’s foreign investors bought cash. Overall, this is good news for the Florida real estate market.

Investor prices are coming back to normal and so there has been no better time to invest in property. Foreign investors see the great return on investment potential that Florida has to offer.

Read the full article: Almost a quarter of all foreign buyers in U.S. choose Florida property