Foreign Buyers' Presence in Florida Real Estate
In 2008, foreign buyers were responsible for about one-third of new and existing home sales in Florida, according to the National Association of Realtors’ 2009 profile of international home buying. In 2005, overseas purchasers accounted for about 15% of the houses sold in the state.
Florida remains the top state for international transactions, tallying nearly one in four of all international sales in the United States in 2008.
Although buyers come from around the world, Canadians accounted for 26% of the state’s recent international sales. Buyers from Britain accounted for 16%, and the rest of Western Europe, 22%. A large number also come from South America and other parts of Latin America.
[Source: National Association of Realtors]
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