International Buyers Are We Getting Our Fair Share of International Buyers in South Florida?
International Buyers Are We Getting Our Fair Share of International Buyers in South Florida? According to the National Association of Realtors 23% of all real estate sales in Florida are international buyers. Four states made up 58% of reported international purchases across the U.S. Florida has 23% of the international buyers, California at 17%, Arizona 9% and Texas 9%. Across the U.S., international real estate sales are up 35% more this year over last, totaling $92.2 billion for that period. This is an increase from $68.2 billion a year earlier, according to National Association of Realtors 2014 Profile of International Home Buying Activity. “International buyers are attracted to U.S. real estate because of the prices, cap rates, investment opportunities and the amount of money that they can get for rents,” reported local real estate expert Kristin Stampini , CEO of Florida Platinum Group with RE/MAX Services. ...