International Investors In South Florida
January 29th, 2010 Categories:Coral Gables Real Estate
The US dollar has dropped 8 to 11% since June against foreign currencies such as the Japanese yen, the European euro and the Canadian dollar. According to NAR, nearly 46% of international buyers paid cash for homes purchased and the median price was $80,000 higher than the US national median price.
I have definitely seen an increase in the number of international buyers looking to invest in real estate here in South Florida. From China to Ireland, I am working with people from all over the globe. Some are seeking permanant residence here but others are just looking for a second home or an investment. We have always had a good amount of South American buyers in Miami, but I would say that over the past few years Miami has seen a large increase in European investors.
Through my blogs I am connected to international buyers on a regular basis. If you are interested in investing property in Coral Gables or anywhere in South Florida I would be happy to talk with you about the state of our market here.
