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Florida real estate market receives boost from international buyers

Foreign buyers accounted for 19 percent of all residential home sales in Florida between July 2011 and June 2012. Many are used as vacation homes, such as this one in Cape Coral.

Foreign home buyers looking for investment or vacation properties have helped Florida’s fragile housing market in the past 12 months, according to a new survey from Florida Realtors.

Florida Realtors surveyed 1,500 Realtors on their experiences dealing with international clients between July 2011 and June 2012 and found that sales to international buyers accounted for 19 percent of all residential home sales in the state.

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Filed in: Real Estate
Tags: Mortgage Crisis
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