Florida, as a whole, draws in about 26% of the nation's foreign buyers. Low taxes, great values and an ideal climate see to that. It is the U. S. leader by far. California places 2nd at around 11%. Add Texas and Arizona into that and you'll have half of our country's foreign purchases occurring in these four states.
The South Florida Real Estate market has about 60% of our sales being purchesed by foreign nationals. One quarter of these are Canadian, then European with South American and Asian bringing that total here. The concentration is mostly in the Miami metropolitan area with nearly 50% of the purchases. Generally these Buyers close on homes which are priced at $250,000 or less and another 30% from $250K to $500K.
Miami holds the distinction as being the #1 destination in Florida for foreign purchases with a commanding 32% market share. Fort Lauderdale is 2nd at 12% and Orlando 9%, Sarasota 8%, Palm Beach 6.5%, Fort Myers 6% and Tampa / St. Petersburg 5% rounding out the leading locations.
In Naples, Florida we estimate that 20% of our Buyers are foreign, lead by Canadian and European purchasers. In all, Foreign Nationals account for about 40,000,000 persons throughout the U.S. Their continued growth adds an average of 1 million more buyers to our country's sales inventory every year.
Map of the World courtesy of WorldAtlas.com
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