July 11, 2014
Florida is once again the top state for international real estate sales. An impressive 23 percent of foreign buyers in the United State bought in Florida over a 12-month period ending in March, according to the National Association of Realtors.
Nationally, international sales of American real estate increased 35 percent compared to the previous year. Chinese buyers were the most active, with a commanding 24 percent of total foreign sales. Foreign buyers continue to be attracted to economic stability, appealing prices and solid investment opportunities in the United States.
In Florida, Europeans accounted for 28 percent of real estate sales, and Latin Americans made of 26 percent of the market. Asian buyers only accounted for 8 percent of transactions. However, Chinese buyers are increasingly showing interest in luxury condos and houses in the state.
To learn about the market or purchase a home or condo in South Florida, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Herald
