foreign investors: Florida leads in foreign residents selling & purchasing.
- 08/28/17 02:38 PM
According to the National Association of Realtors, the state drew 22% of the country’s international buyers purchasing property and 26% of the country’s sell-offs by foreign owners for the 12 months ending in March. Owners with addresses in Canada, the United Kingdom, Brazil, Venezuela, China, France, Colombia, Australia, Singapore and Chile — the top 10 origins of foreign owners — dropped to 432 last year from 1,124 five years earlier. The analysis serves only as an indicator and does not include properties owned by foreign buyers who live here part time or list addresses of U.S. lawyers, companies and property managers to … (5 comments)
An Orlando real estate broker was arrested in Miami FL. He is accused of running a $4million dollar Ponzi scheme selling fake properties to foreign investors. The charges include 17 counts of wire fraud. It has been under investigation for over a year. In 2015 Federal agents seized properties throughout Central FL. Victims of his scheme that have come forward are from Italy and Venezuela. Arraignment was scheduled for yesterday January 18th, 2017. "Orlando-area residents named in federal documents include Alfano, Victoriya Johnson, and Rasul Atakov, among others. They allegedly worked under business names such as Orlando Trust Properties and Golden … (0 comments)
foreign investors: NAR: 2016 Profile of International Activity in U.S. Real Estate
- 07/16/16 01:07 AM
Foreign investment of U.S. real estate is slowing, but not all markets are created equally. According to the recent 2016 Profile of International Activity in U.S. Residential Real Estate from the National Association of Realtors, slow economic growth in countries throughout the world has put a damper on foreign investment in American real estate. The majority (51 percent) of total residences purchased by foreign investors were concentrated in five states: Florida (22 percent), California (15 percent), Texas (10 percent), Arizona (4 percent) and New York (4 percent). Those buyers are typically coming from China, Canada, India, the United Kingdom and Mexico, according … (2 comments)
According to the National Association of Realtors, the state drew 22% of the country’s international buyers purchasing property and 26% of the country’s sell-offs by foreign owners for the 12 months ending in March.
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