Investment and Vacation homes
International Investors
September 01, 2011
Author: Thomas S Cappadona (tscbroker@yahoo.com)
Investment and Vacation Homes
Thursday, September 1, 2011International Buyers
Approximately 25% of all Florida residential sales for the past year ending June 2011, were purchased by foreigners. Most of the sales were cash Buyers.
The International market views differ from domestic Buyers in that there perception is of value due to the discounted pricing and the week dollar.
The UK, Brazil and Venezuela are fueling these puchases with the Canadians being the top investers in the US.
On another positive note, the inventory levels in Palm Beach County have dropped 23 percent and in Broward County there was a 36 percent decrease from a year ago according to Realtor.com
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