Foreign Buyers Drive Florida's Housing Recovery
August 26, 2013, 2:44 pm
Foreign investment in Florida real estate—a perennial favorite for Canadian snowbirds and wealthy South Americans—has been on a tear since the end of the recession, according to a March report by the National Association of Realtors. Overseas home buyers accounted for 7.3 percent of statewide residential sales by dollar amount in 2007; the figure climbed to 19 percent in the 12 months ended June 2012, the most recent data available. Florida accounted for a quarter of all U.S. residential real estate sales to foreigners during that period, the highest level nationwide.
Source: Business Week
Labor Day Already Here!!!
August 30, 2013, 9:46 am
The Summers fly by on Anna Maria Island!!! I drive about ten miles between my house in town and my Anna Maria Cottage! I meet people every day who have flown here from all over the world!!!! Those of you who live close to the island you are missing out if you think its too close for a getaway!!!! Brenda...Read more