Time to Go Global: International Real Estate in Florida
The Property Market in Florida can be challenging.
International Real Estate is a hot market. More and more people are investing in vacation homes that are not located within the borders of their own homeland. The reasons to invest in a foreign country are manifold: a different culture, warmer and milder climate, tax or other incentives, or just more fun in the sun.
Most investors tend to buy in surrounding countries or stay at least on their side of the globe. For German sun-seekers, it is easier to fly to Spain or Portugal. Canadians or home-buyers from South America like the shorter flight to the United States.
However, since traveling became more reasonable, safer, and convenient, home- buyers are spreading out to a destination that is farther away. There are many locations in the world attracting home-buyers, but Florida is the one that is a hot destination for many foreign investors from Europe, Asia, and South America.
Due to the unique climate, Florida is one of the biggest home markets for International Real Estate in the USA. It is fairly easy to buy property in Florida as foreign home-buyer. Many direct flights arrive on the west coast, like Fort Myers, Tampa, Orlando, even Sarasota airport. With a visitor visa, foreign nationals can stay in the US for up to six months. That is long enough to escape the unpleasant winter months at home.
We specialize in helping international buyers and sellers in the greater Englewood area. Besides being full-time professional Real Estate agents, we know first hand from our personal experience how difficult it can be to buy a home in Florida. We can offer almost 20 years of Real Estate experience, are bilingual and ready to help you with your next Real Estate endeavor.
Five States account for 50% of Foreign Buyer Purchases in the US
Slightly over half of all foreign buyers purchased property in FL (22 %), CA (15 %), TX (10 %), AZ and NY ( 4 % each). Latin Americans, Europeans and Canadians – who tend to buy in warm climates for vacation purposes – mostly purchased homes in Florida and Arizona. California and New York attracted the most Asian buyers. Texas saw sales activity from Latin American, Caribbean and Asian buyers.