Foreigners still prefer Florida


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Sep.September 09, 2008 12:04 PM

Go to chart.

The number of international real estate investors across the country has decreased, but Florida is still the top destination for international buyers, a report released last month by the National Association of Realtors said.

Florida topped the list with nearly 26 percent of all international buys in the U.S., the most of any state.

Canadian, Mexican, European and Latin American buyers all favored Florida as their top choice for U.S. purchases. Florida came in second for Asian buyers, who favored California above the Sunshine State.

International investors spent a median of about $300,000 on real estate investments. Buyers from China had the highest median of property sales at $450,000.

Another study, by listings Web site Trulia.com, found Canadians as the foreign group doing the most searching on the Miami section of its site (see chart). It also found 16 percent of visitors looking for Miami property on its site were foreign, the most of any city.

This story first ran on The Real Deal’s Web site.


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