To assess the significance of foreign home buyers in Florida, the National Association of REALTORS®, in cooperation with the Florida REALTORS®, has conducted an annual survey of the experiences of Florida REALTORS® in working with non-resident international clients since 2007. A total of 977 REALTORS® responded to this year’s survey, conducted over the time period July 9 – August 16, 2013. The information gathered concerned REALTOR® experience with non-resident foreign buyers over the previous 12 months
See more at: http://osceolarealtors.org/profile-of-international-home-buyers-in-florida-2013/#more-'
The international market comprised 9% of total sales in Florida for the 12 months ended July 2013 as measured by dollar volume. Sales to non-resident foreign buyers have averaged on a 12 month rolling basis in the neighborhood of 8% based on transactions.
ReplyDeleteOverall, international sales have been down due to the world-wide recessions. Key points from the survey show the importance of foreign sales to the Florida existing home sales markets:
ReplyDelete- Canadians lead 30% of total Florida international sales
- Venezuela 8%
- Brazil 7%
U.K. 6%