$1.4 Billion In Tampa Bay Real Estate Sales To Foreign Investors Over The Last Year

By
Real Estate Broker/Owner with Cornerstone Properties International

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.

Comments (1)

Amy Robinson
London Pierce Real Estate - Scottsdale, AZ
Realtor, Scottsdale Arizona Homes For Sale

Hi Steve,  Wow that is a really high number.  I think it will continue to be this way for a while.

Nov 04, 2011 10:15 AM