This is the kind of news our investors like to read!
Florida remains the top choice among international buyers and investors, according to the Coldwell Banker International Buyers Guide. About one in four (24%) international buyers purchase a home in Florida.
Ranking of the Top 5 States
- Florida: 24%
- California: 11%
- Texas 8%
- Arizona: 7%
- New York: 4%
In 2022, the largest volume of dollars spent by international buyers in the United States came from China, followed by Canada, India, Mexico, Brazil, and Colombia.
“Florida and Arizona tend to attract buyers from Latin America, Europe, and Canada who are looking to purchase properties in warm climates for vacation purposes,” according to the guide. “The affordability and variety of housing options in these states are also factors for many international buyers.”
Although purchases by international buyers declined during the pandemic, buyers have returned to the market.
“According to the National Association of Realtors® (NAR), the sales volume generated by international homebuyers in 2021 reached its lowest level since 2011,” the guide states. “Purchases by international buyers accounted for just 1.6% of sales, down from a peak of 5.2% in 2017. Although the number of transactions has declined further in the most recent period, the dollar volume of purchases by foreign buyers increased by 8.5% to $59 billion in the period ending in March 2022.”
Investment Opportunities
To complement the positive news, we’d like to take this opportunity to highlight an excellent opportunity to earn dollars: learn more about Windsor Cay Resort, Orlando’s newest vacation home resort.
Would you like to receive other excellent investment options?Please contact us. We can introduce you to residential and vacation investment opportunities, as well as large plots of land for larger development projects.