International Buyers Actively Purchasing South Florida Real Estate

A number of South Florida homes are being sold to foreign buyers, including purchasers from Canada, China, Russia and Brazil, other South Americans and Eastern Europeans. Luxury, high net worth properties are being snatched up by affluent foreign buyers.

From Boca Raton to Naples, beautiful, private and secure homes. And they are paying cash since financing can be a hassle. South Florida real estate is a hot commodity as more and more opulent buyers are taking advantage of home prices and rare opportunities.

Steve Gara from the Examiner.com writes, “From July 2011 to June 2012, foreigners accounted for 19 percent of the home sales in Florida, led by Canadians, according to a report by Florida Realtors, a statewide trade group. In that year, sales to foreigners in the state reached an estimated $10.7 billion — out of a total of $58 billion. Canadians accounted for 31 percent of those foreign purchases, putting them in the top spot. In comparison, Russians only made up 2 percent of the sales, so it remains a small market overall.”

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