Sarasota Real Estate Market News

Fla. a top market for international buyers

LAKELAND, Fla. – April 2, 2012 – Bargain prices in American real estate lure foreign buyers, and Florida continues to be the most popular destination, though other states are attracting more foreign interest as well.

More than half of international sales in 2011 – 58 percent – came from four states alone: Florida (31 percent), California (12 percent), Texas (9 percent), and Arizona (6 percent), according to National Association of Realtors® data.

Inman News recently identified the individual markets where foreign buyers make up the biggest share of homebuyers. Among the top markets to make the list:

• Lakeland-Winter Haven, Fla.
• Cape Coral-Fort Myers, Fla.
• Orlando-Kissimmee-Sanford, Fla.
• North Point-Bradenton-Sarasota, Fla.
• Miami-Fort Lauderdale-Pompano Beach, Fla.
• Phoenix-Mesa-Glendale, Ariz.
• New York County, N.Y. (Manhattan)
• Honolulu

See which other real estate markets topped the list, along with more information about the study, at Inman News.

Source: “10 Hot Spots for Global Homebuyers,” Inman News (March 2012)

© Copyright 2012 INFORMATION, INC. Bethesda, MD (301) 215-4688

May 19, 2012 - Posted by | News related to Sellers, News related to the Market

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