Monday, June 15, 2009

INTERNATIONAL BUYERS ARE CONFIDENT OF FLORIDA REAL ESTATE RECOVERY

This information is in line with some of the inquiries we are getting from prospective buyers. Not to brag, but with RE/MAX being the largest real estate company in the world; we are beginning to get a lot of questions from the international community on what is happening in the State of Florida.

International buyers confident of Fla. recovery

MIAMI – June 15, 2009 – Gerson Lehman Group reports that international realty buyers believe the Florida housing market is poised for recovery, and they are paying close attention to distressed properties in the state. The report says these international buyers view homes in the United States as “desirable, profitable and secure” investments. “Those who delay buying their dream home in Florida may soon find that they have to pay considerably more for the same property in just a few months,” advises the report’s author, Howard Liggett, president of Distressed Real Estate Consulting Services. Liggett cites data from the National Association of Realtors® and the Florida Association of Realtors® indicating that 25 percent of international buyers are Canadian, 21 percent are British, and 21 percent are western European.Source: 
Halifax International Expat Focus (06/12/2009) Musk, Jamie

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