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The Real Deal Miami

A quarter of foreign buyers choose Florida

September 07, 2010 10:30AM

Foreign buyers have flocked to Icon Brickell

Of all the foreign real estate buyers in America, 22 percent are
choosing Florida, according to a report by the National Association of
Realtors. California came in second with 12 percent of the international
market. The study looked at sales between March 2009 and March 2010,
and found that buyers with permanent residences outside the United
States spent almost $41 billion on residential property nationally, representing 4
percent of the total residential market. “Once they’re here, they tend
to bring friends,” said realtor Jeff Lichtenstein. [Palm
Beach Post]