Home Buyer News

Foreign buyers gobbling up Tampa Bay properties

Lured mostly by cheap prices, Canadians spent $2.2-billion on Florida real estate last year. Anthony Soulia, a realtor in Naples, said Canadians made up about 34% of buyers in his county last year,

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.

Foreign buyers not gobbling up Vancouver houses Facts show less than four per cent are from outside Canada

Statistics on single-family housing starts and new home sales suggest that the market for new homes has stalled at 60% of potential. The demand for new homes that have pushed prices out of reach for.

A new study out of SFU has the words “foreign buyers” back on the front pages of newspapers. its economy has grown dramatically in recent decades, and a long build-up in the property market in Hong.

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Peter Muoio, chief economist at the online property auction site ten. But the deals were too good to pass up. Crescent sold its Crescent West Shore, a 374-unit complex just a few miles from Tampa.

TAMPA – Tariffs imposed by the Trump administration and other countries are beginning to push up prices and depress demand in spots around the Tampa Bay area and Florida. intellectual property and.

Stream of Foreign Buyers Grows in South Florida But Slows in Miami-Dade Foreign homebuyers in Miami-Dade represented about 51 percent of all buyers, less than in previous years, a study shows.

The Bay Area, long a target for the perception that skyrocketing home sales prices have been fueled by cash transactions from foreign or tech buyers, barely made it into the top 50 markets seeing.

Florida’s 14th Congressional District, represented by Tampa Bay Rep. Kathy Castor. in attracting Chinese investment last year with several large commercial real estate transactions and Chinese.

About 22 percent came from the Tampa Bay area. Much of the trade is highly integrated. In fact, Canada is the largest foreign consumer of Florida’s produce, gobbling up more than $800 million worth.

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"The health of these high-priced trophy markets will in many ways be tied more to global economic forces driving foreign cash buyers than U.S. economic and real estate fundamentals." Cash buyers down.