South Florida Real Estate has always had a lot of appeal to international investors and a new group of international investors has recently made their presence known. According to reporting in The Real Deal, French buyers have been snapping up properties, taking the top place for buyers in the spring of 2013. This is according to Lanham and Associates, as reported in the article.
Last year, the Salon National de lImmobilier had a representative from the Miami Association of realtors, which Lanham and Associates credits with increasing the interest in Miami among French investors. In addition to the presence at the meeting, France is known for having very high taxes on wealthy individuals. And the lower taxes available in Florida have, according to some experts, then one of the primary reasons that investors have been attracted to the area.
Canadians have also made their presence known in the Florida real estate market. There is no state income tax in Florida, which some experts believe has attracted many of the investors. Of course, the fact that Florida is renowned around the world for its sunny weather is also likely one of the reasons that Canadians have found the market so attractive.
There is a great rental market in Miami-Dade and Broward counties, and that is also credited with attracting so many Canadian investors to the market. Where the economics of real estate are concerned, the reporting reveals that many of these investors are making their purchases using all-cash, which is true of most of the foreign buyers who come to the area. This is a huge jump from just six years ago, when only a fifth of sales were made using completely cash transactions, according to the reporting period
South Florida Real Estate Market's International Spirit
South Florida has always been popular with international investors and that has only increased over the years. The area is well known for attracting many Russian investors, as well as investors from Europe, the Middle East, Latin America and other areas around the world. Combined with the sunny weather, South Florida is well known for having great luxury real estate properties available.
And, because some of the individuals come from nations where the economies have either prospered during the time when the US economy was floundering or because they come from nations where there are very high taxes in place for people who have money, South Florida is very attractive. Some of the most luxurious properties are found on the waterfront. And condominium properties are particularly popular with these investors, as they are with investors from the US.
In fact, the sales of condominium properties on the waterfront far outpace the sales of single-family homes. This indicates that developers who are putting up new towers are likely getting involved in a market that is sure to grow. With Floridas real estate market making a strong recovery, its likely that even more foreign investors will make their ways to Miami, calling the sunny waterfront their vacation home or their permanent home.
South Florida Real Estate has always had a lot of appeal to international investors and a new group of international investors has recently made their presence known. According to reporting in The Real Deal, French buyers have been snapping up properties, taking the top place for buyers in the spring of 2013. This is according to Lanham and Associates, as reported in the article.
Last year, the Salon National de lImmobilier had a representative from the Miami Association of realtors, which Lanham and Associates credits with increasing the interest in Miami among French investors.
In addition to the presence at the meeting, France is known for having very high taxes on wealthy individuals, and the lower taxes available in Florida have, according to some experts, then one of the primary reasons that investors have been attracted to the area.
Canadians have also made their presence known in the Florida real estate market. There is no state income tax in Florida, which some experts believe has attracted many of the investors. Of course, the fact that Florida is renowned around the world for its sunny weather is also likely one of the reasons that Canadians have found the market so attractive. There is a great rental market in Miami-Dade and Broward counties, and that is also credited with attracting so many Canadian investors to the market.
Where the economics of real estate are concerned, the reporting reveals that many of these investors are making their purchases using all-cash, which is true of most of the foreign buyers who come to the area. This is a huge jump from just six years ago, when only a fifth of sales were made using completely cash transactions, according to the reporting period
International Spirit
South Florida has always been popular with international investors and that has only increased over the years. The area is well known for attracting many Russian investors, as well as investors from Europe, the Middle East, Latin America and other areas around the world. Combined with the sunny weather, South Florida is well known for having a great many luxury real estate properties available and, because some of the individuals come from nations where the economies have either prospered during the time when the US economy was floundering or because they come from nations where there are very high taxes in place for people who have money, South Florida is very attractive.
Some of the most luxurious properties are found on the waterfront, of course, and condominium properties are particularly popular with these investors, as they are with investors from the US. In fact, the sales of condominium properties on the waterfront far outpace the sales of single-family homes, indicating that developers who are putting up new towers are likely getting involved in a market that is sure to grow. With Floridas real estate market making a strong recovery, its likely that even more foreign investors will make their ways to Miami, calling the sunny waterfront their vacation home or their permanent home.
South Florida Real Estate has always had a lot of appeal to international investors and a new group of international investors has recently made their presence known. According to reporting in The Real Deal, French buyers have been snapping up properties, taking the top place for buyers in the spring of 2013. This is according to Lanham and Associates, as reported in the article.
Last year, the Salon National de lImmobilier had a representative from the Miami Association of realtors, which Lanham and Associates credits with increasing the interest in Miami among French investors.
In addition to the presence at the meeting, France is known for having very high taxes on wealthy individuals, and the lower taxes available in Florida have, according to some experts, then one of the primary reasons that investors have been attracted to the area.
Canadians have also made their presence known in the Florida real estate market. There is no state income tax in Florida, which some experts believe has attracted many of the investors. Of course, the fact that Florida is renowned around the world for its sunny weatheris also likely one of the reasons that Canadians have found the market so attractive. There is a great rental market in Miami-Dade and Broward counties, and that is also credited with attracting so many Canadian investors to the market.
Where the economics of real estate are concerned, the reporting reveals that many of these investors are making their purchases using all-cash, which is true of most of the foreign buyers who come to the area. This is a huge jump from just six years ago, when only a fifth of sales were made using completely cash transactions, according to the reporting period
International Spirit
South Florida has always been popular with international investors and that has only increased over the years. The area is well known for attracting many Russian investors, as well as investors from Europe, the Middle East, Latin America and other areas around the world. Combined with the sunny weather, South Florida is well known for having a great many luxury real estate properties available and, because some of the individuals come from nations where the economies have either prospered during the time when the US economy was floundering or because they come from nations where there are very high taxes in place for people who have money, South Florida is very attractive.
Some of the most luxurious properties are found on the waterfront, of course, and condominium properties are particularly popular with these investors, as they are with investors from the US. In fact, the sales of condominium properties on the waterfront far outpace the sales of single-family homes, indicating that developers who are putting up new towers are likely getting involved in a market that is sure to grow. With Floridas real estate market making a strong recovery, its likely that even more foreign investors will make their ways to Miami, calling the sunny waterfront their vacation home or their permanent home.
South Florida Real Estate has always had a lot of appeal to international investors and a new group of international investors has recently made their presence known. According to reporting in The Real Deal, French buyers have been snapping up properties, taking the top place for buyers in the spring of 2013. This is according to Lanham and Associates, as reported in the article.
Last year, the Salon National de lImmobilier had a representative from the Miami Association of realtors, which Lanham and Associates credits with increasing the interest in Miami among French investors.
In addition to the presence at the meeting, France is known for having very high taxes on wealthy individuals, and the lower taxes available in Florida have, according to some experts, then one of the primary reasons that investors have been attracted to the area.
Canadians have also made their presence known in the Florida real estate market. There is no state income tax in Florida, which some experts believe has attracted many of the investors. Of course, the fact that Florida is renowned around the world for its sunny weather is also likely one of the reasons that Canadians have found the market so attractive. There is a great rental market in Miami-Dade and Broward counties, and that is also credited with attracting so many Canadian investors to the market.
Where the economics of real estate are concerned, the reporting reveals that many of these investors are making their purchases using all-cash, which is true of most of the foreign buyers who come to the area. This is a huge jump from just six years ago, when only a fifth of sales were made using completely cash transactions, according to the reporting period
International Spirit
South Florida has always been popular with international investors and that has only increased over the years. The area is well known for attracting many Russian investors, as well as investors from Europe, the Middle East, Latin America and other areas around the world. Combined with the sunny weather, South Florida is well known for having a great many luxury real estate properties available and, because some of the individuals come from nations where the economies have either prospered during the time when the US economy was floundering or because they come from nations where there are very high taxes in place for people who have money, South Florida is very attractive.
Some of the most luxurious properties are found on the waterfront, of course, and condominium properties are particularly popular with these investors, as they are with investors from the US. In fact, the sales of condominium properties on the waterfront far outpace the sales of single-family homes, indicating that developers who are putting up new towers are likely getting involved in a market that is sure to grow. With Floridas real estate market making a strong recovery, its likely that even more foreign investors will make their ways to Miami, calling the sunny waterfront their vacation home or their permanent home.
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