Florida Number 1 for International Home SalesPublished: 16 March 2012 - Author: Marcus Burke
As a real estate brokerage that deals largely with investors from out of state, it’s no surprise to us that Florida had the highest concentration of property purchased by international buyers in 2011. That’s according to the National Association of Realtors Profile of International Buying Activity.
31 % of all international sales in 2011 came from Florida, and Canadians who accounted for 23 percent of all foreign buyers. In fact, 8 percent of Florida resales in 2010 were to Canadians.
For Condo Metropolis here in Orlando, I would guess that a full 50% of our international sales were to Canadians in 2011 with 2012 shaping up to bring more of the same. With bottom having come and gone on the condo front, it seems that everyone in Canada is now looking for a piece of the Sunshine State. And who can blame them, or anyone else?
For more information on buying Orlando condos, townhomes, vacation villas and single family homes, contact us here at Condo Metropolis on: 407-290-3408, or email Info@CondoMetropolis.com
For those of you are number oriented, read the full NAR report.