Florida Homes, Miami Real Estate

Foreign Buyers Swarm to Purchase Florida Real Estate

Agents, especially Florida real estate agents are seeing progressively more foreigners interested in buying Florida homes in the USA. Many Florida real estate agencies are hiring agents that are fluent in other languages, marketing to foreign buyers and in some cases, offering to pay the airfare and hotel bills of foreign shoppers who buy a home.

As home prices plummet and the dollar’s weak value produces eye-popping deals for international buyers, foreign investors who are swooping in to buy property in the USA.

The National Association of Realtors estimates, because of the sinking value of the U.S. dollar relative to other currencies, a home bought by a foreigner comes with a discount averaging 30%. According to an NAR survey, about 30% of foreign buyers came from Europe between April 2006 and April 2007 to buy Florida homes.

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