There are a lot of foreign buyers interested in purchasing real estate in the United States these days. After the U.S. real estate market endured a rather lengthy rough patch, things have rebounded nicely over the last few years. As a result, many prospective investors believe that this is the right to time to get in on the action and invest in real estate in the U.S. Canada has the highest number of international prospective buyers, with Canadians making up 45% of the international pool of real estate seekers. Buyers from the United Kingdom come in at number two, making up 12.1% of the pool, followed by Australia at 11%.
We were pleased to learn that China and Hong Kong buyers are in the fourth spot, claiming 4.1% of the diverse group of international real estate investors. Thus far, it seems like most investors from Asia have been interested in other parts of the U.S. However, we are optimistic that change is on the horizon, and Chinese investors’ attention will be redirected to South Florida in the very near future.
The Miami economy is chugging along quite nicely, and the city just has so much to offer investors regardless of whether they are seeking a second home or a rental property. Sunny Isles Beach condos, Aventura condos, and of course the premier Bal Harbour and Fisher Island markets, in particular, offer the perfect combination of ideal location, luxury appeal, and proximity to world-class shopping and amenities.
Of course, we would be remiss not to mention the excitement of our one and only South Beach. Although we love all of Miami proper, we know that South Beach truly is a unique gem with its very own culture and lifestyle. And, we are so glad that the world seems to be taking notice. These days, every time we walk down the streets we overhear conversations in Portuguese, Italian, French, Swedish, and so many other beautiful languages. Miami truly is an international melting pot, and you can feel the excitement and energy as you stroll down the palm-tree lined streets bustling with folks from all walks of life.
In case you are curious, other top international real estate buyers come from France, Germany, Switzerland, Sweden, Italy, and the United Arab Emirates. To all of you, we say:
