Over the last year an estimated $12.7 billion dollars in real estate was purchased in Florida by foreign investors. Over 86% of those investors bought these properties with cash. Factors that influenced these investors include a weaker dollar, discounted costs for property and increasing rent prices. The Tampa/St.Pete/Clearwater market came in at number 3 with approx. $1.4 billion in sales.
Read more about our huge influx of foreign investment in The Tampa Bay Business Journal.