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Foreign Buyers Snap Up U.S. Real Estate in Unprecedented Surge Posted on September 10, 2017 by admin in News Foreign investments in U.S. real estate have surged nearly 50 percent as of late, according to the 2017 Profile of International Activity in U.S. residential real estate from the National Association of REALTORS (NAR).
Despite Latin American buyers cutting back on home purchases in Florida, the state remains the top destination for foreign buyers purchasing U.S. residential real estate this year, according to a
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Chinese Real Estate Buyers Looking to Invest in the US. Some Chinese real estate buyers who have children want a place near good public schools. They buy in various places in Florida, such as Fort Myers, Tampa Bay and Miami, and in California such as Del Mar, Scripps, Carmel Valley, and Racho Bernardo. Others do not have plans of moving to the US,
So can we conclude anything reliable about foreign buyers? We do have a decent grasp on where they’re coming from. The fear of Chinese millionaires gobbling up American homes as just another piece in.
Amid U.S. real estate buying binge by foreign investors, Florida remains first choice. NAR’s study found that between April 2016 and March 2017, foreign buyers and recent immigrants purchased $153 billion of residential property. That’s a 49 percent jump from $103 billion in 2016 and surpasses the $103.9 billion in purchases in 2015 as the new survey high.
Foreign Buyers of Properties in South Florida Answering your Questions about buying property in South Florida as a non-U.S. Citizen/Foreign National. Answer: Property Taxes are billed Annually in the Month of November and will be estimated at approximately 2% of the amount of the purchase price for your Property.
Foreign buyers not gobbling up Vancouver houses Facts show less than four per cent are from outside Canada
As residents of the Tampa Bay area, we specialize in the Tampa Real Estate and surrounding areas of Saint Petersburg, Clearwater, Land O Lakes, Wesley Chappel, etc. We help both Buyers and Sellers, including those out of state and out of the country.
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