Thursday, November 13, 2008

International buyers

U.S. real estate is still considered a prime investment opportunity and a "safe haven" for foreign buyers to put their money. For those in a position to take advantage, there are some great investment deals in today's market. In a survey of Realtors last year (NAR), more than 8 out of 10 respondents said foreign transactions accounted for up to 25 percent of their sales. A large portion of their international clientele came from Mexico, the United Kingdom and Canada.
Florida is the destination of choice for many international buyers - 26 percent of foreign buyers represented in the survey purchased in the Sunshine State. 16 percent bought real estate in California and 10 percent purchased in Texas.
In today's economic climate, international buyers are recognising it's a great time to buy.

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