Fred Mullins, Donna Mullins, & Erin Biby
Coldwell Banker Schmitt Real Estate Company
1201 White Street Ste. 101 Key West, FL 33040
Direct: 305-745-9440
Email: mullinsf@bellsouth.net
Website: www.lowerkeys-homes.com
One of the most active trends in the luxury real estate market is international buyers purchasing property in the United States. Over the past decade, there has been a significant upswing in the number of international buyers getting into the American real estate market. Some are purchasing for investment only, choosing to rent it out or seasonally. Others are purchasing a second home or a vacation property they can lease out to wealthy people when not in the country.
The luxury market is generally considered to include properties for sale in listing prices of $1 million or more. These properties are typically located in highly sought after locations, such as waterfront land. With private beach access and a wonderful view right outside the windows, luxury waterfront property is quite attractive to international consumers who want a piece of the US real estate market.
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