Florida Real Estate Boom Attracts More Foreign Buyers

4 10 2005

For foreign investors, U.S. real estate remains a real bargain thanks to
the weak dollar. It’s not only affordable, but a growing number of Europeans
tend to view U.S. real estate as a safe investment in a world of currency
devaluations and political turmoil.

The relative weakness of the U.S. dollar has spurred growing numbers of foreign homebuyers to consider the real estate market in the United States. As the British pound and the euro have increased in value, a second home in America has come within reach of a growing number of Europeans, who tend to view U.S. real estate as a safe investment in a world of currency devaluations and political turmoil.

They have particularly gravitated toward homes in Florida, California, Chicago, Atlanta and the ski towns of Colorado. The focus is split between buyers who simply want a secondary residence and those seeking to make a permanent move and open a business.

Among the latter, rapidly burgeoning cities such as Tampa are especially attractive. Declining airfares have led many Europeans and Asians to consider coastal property close to their continent of origin.

Additionally, the globalizing effects of the Internet have filtered into real estate, as the ability to run a business from home has contributed to the attraction of foreign purchasers. So, too, has the launch of the International Consortium of Real Estate Associations, which facilitates the process of shopping globally through a worldwide network of realty professionals.

This caters to the real estate climate abroad, where buyers place a premium on the relationship they have with their agent.

Quality craftsmanship also is high on the list of many foreign buyers, as is thriving cultural activity, the presence of which has boosted the international appeal of cities such as Miami.





Florida Real Estate Boom Attracts More Foreign Buyers

4 10 2005

For foreign investors, U.S. real estate remains a real bargain thanks to
the weak dollar. It’s not only affordable, but a growing number of Europeans
tend to view U.S. real estate as a safe investment in a world of currency
devaluations and political turmoil.

The relative weakness of the U.S. dollar has spurred growing numbers of foreign homebuyers to consider the real estate market in the United States. As the British pound and the euro have increased in value, a second home in America has come within reach of a growing number of Europeans, who tend to view U.S. real estate as a safe investment in a world of currency devaluations and political turmoil.

They have particularly gravitated toward homes in Florida, California, Chicago, Atlanta and the ski towns of Colorado. The focus is split between buyers who simply want a secondary residence and those seeking to make a permanent move and open a business.

Among the latter, rapidly burgeoning cities such as Tampa are especially attractive. Declining airfares have led many Europeans and Asians to consider coastal property close to their continent of origin.

Additionally, the globalizing effects of the Internet have filtered into real estate, as the ability to run a business from home has contributed to the attraction of foreign purchasers. So, too, has the launch of the International Consortium of Real Estate Associations, which facilitates the process of shopping globally through a worldwide network of realty professionals.

This caters to the real estate climate abroad, where buyers place a premium on the relationship they have with their agent.

Quality craftsmanship also is high on the list of many foreign buyers, as is thriving cultural activity, the presence of which has boosted the international appeal of cities such as Miami.








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