International buyers accounted for $6.1 billion or 36 percent of Southwest Florida’s home sales and sales of investment land for sale in 2015, according a recent report by industry experts.
From September 2014 to August 2015, foreign buyers picked Florida above other states when buying homes. Venezuela, Brazil, Argentina, Colombia and Canada accounted for 62 percent of those sales, according to the 2015 Profile of International Home Buyers the National Association of Realtors.
The survey covers Collier, Lee and Charlotte counties, finding that Florida leads the country with 21 percent of the nation’s foreign purchases particularly in Florida Land Sales. Southwest Florida accounted for 36 percent of the state’s foreign sales.
Based on dollar amounts, 79 percent of international sales were in Collier, followed by 18 percent in Lee and 2.7 percent in Charlotte.
Foreign buyers in Southwest Florida tend to spend more than domestic buyers, according to the report. And 75 percent of their purchases are made with all cash.
Here is a breakdown of the top countries investing in Southwest Florida:
- France and Italy
In Collier, Venezuela, Brazil, Argentina, Colombia, and Italy and Mexico led the list. In Lee, Canada and Venezeula, Colombia, Argentina, Brazil, and India and Russia were the biggest international buyers. And in Charlotte, Canada and Brazil were the top countries of origin for real estate buys.
If you are an international investor looking to purchase a slice of Southwest Florida real estate, visit 9 Core Realty on the web today!