LAKELAND,Fla. – April 2, 2012 – Bargain prices in American real estate lure foreignbuyers, and Florida continues to be the most popular destination, though otherstates are attracting more foreign interest as well.
More than half ofinternational sales in 2011 – 58 percent – came from four states alone: Florida(31 percent), California (12 percent), Texas (9 percent), and Arizona (6percent), according to National Association of Realtors® data.
Inman Newsrecently identified the individual markets where foreign buyers make up thebiggest share of homebuyers.
The 10markets, ranked by highest share of foreign buyers, according to public recordsdata, are:
1. Lakeland-Winter Haven, Fla.
2. Cape Coral-Fort Myers, Fla.
3. Orlando-Kissimmee-Sanford, Fla.
4. North Point-Bradenton-Sarasota, Fla.
5. Miami-Fort Lauderdale-Pompano Beach, Fla.
6. Phoenix-Mesa-Glendale, Ariz.
7. New York County, N.Y. (Manhattan)
8. Honolulu, Hawaii.
9. Tampa-St. Petersburg-Clearwater, Fla.
10. Las Vegas-Paradise, Nev.
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Source:“10 Hot Spots for Global Homebuyers,” Inman News (March 2012)
© Copyright 2012INFORMATION, INC. Bethesda, MD
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