International real estate sales in Florida will be stronger in 2012
International buyers are centered on South-Florida real estate market. Experts are expecting international sales to be even more important in 2012.
In 2011 Florida is accounting for nearly 1/3 of transactions by international buyers. Foreigners bought for $82 billion of residential properties in the US this year.
A study from the National Association of Realtors shows that in Florida 30% of the international deals took place in the Miami-Miami Beach-Fort Lauderdale market. Orlando Region accounted for 14% of international sales of Florida.
The foreign buyer are buying mainly condos; The South American buyers see South Florida real estate as haveing a great value. Experts are saying that international transactions will be even stronger in 2012. It is an very good time to be an investor or buyer in South Florida.
You can follow any responses to this entry through the RSS 2.0 feed.