Florida Ranks #1 in International Homebuyers

According to the National Association of Realtors Florida still leads the nation in the number of foreign homebuyers it attracts.  From May 2007 to May 2008 one in four international buyers made their puchase here in Florida, just over 25%.  California ranked 2nd and Arizona ranked third.

These buyers are coming from Canada, the United Kingdom, Mexico, China, India and Germany.  They have been attracted by the declining market many areas of Florida have been faced with. 

Studies have shown that 43% of foreign buyers buy with cash, compared to approximately 7% of Americans.

55% of homes bought by foreigners are used as a primary residence.  While over 31% purchase for vacation as well as investment purposes.  And only 13% are purchased for investment.

This article is authored by Sandy Shores, Melbourne FL REALTOR.

It is the exclusive property of, and may not be used without the written permission of Sandy Shores, Brevard County, Florida Space Coast. All information is believed to be accurate, but is not warranted. Copyright 2008.