Florida Real Estate Update November 2011

by Admin on November 9, 2011

The Florida Real Estate market is getting a lot of response from foreign nationals, particularly the areas of Miami/Miami Beach/Ft. Lauderdale and Orlando/Kissimmee. I came across this article from the Miami Herald about the influx of foreigners into the Florida Real Estate market. Find this link to the article at the bottom of the post. Here are some highlights of the article: - The state of Florida, so far in 2011, is responsible for 1/3 of all foreign national real estate transactions in the U.S. - The top five countries that make up the foreign national purchases and their percentages: 1. Venezuela – 15% 2. Brazil – 12% 3. Argentina, Canada, Colombia – Remaining Percentage A significant amount of Foreign Nationals buy in cash. Below is the percentage of purchasers from the corresponding countries that buy properties in cash. 1. Venezuela – 88% 2. Brazil – 85% 3. Western Europeans – 90% You can read the full article here.

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