Florida sees increase in international buyers
The National Association of Realtors®, in cooperation with Florida Realtors,
conducted a survey of Florida members in July-August 2010.
Foreign buyers generally see U.S. real estate as a desirable, profitable and
secure investment. In addition, a weak U.S. dollar has made Florida real
estate even more attractive recently.
Report highlights
• Buyers from the United Kingdom accounted for 15 percent of recent sales.
• 11 percent of foreign buyers bought a new home, while the remaining 89
percent purchased a previously owned home.
• 51 percent purchased a detached single-family home (villa); 37 percent
purchased a condo, 11 percent purchased a townhouse.
• 30 percent purchased property in a resort area;
• 15 percent of buyers plan to use their property less than one month per
year; 21 percent expect to use it one to two months; and 34 percent three to
six months.
• 19 percent bought a home in the Orlando-Kissimmee area;
.
Posted: 21 September2010
Source: Florida Realtors
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