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According to a recent report from RealtyTrac, foreign investors in U.S. real estate has increased significantly since 2009. There are 10 countries specifically where buyers of U.S. real estate have increased by 95 percent or more. In 9 of those countries, interest has doubled as well. 24/7 Wall St. compiled data from the RealtyTrac Report to give us the top countries showing the highest increase in interest in purchasing U.S. homes.
The top country is Canada, which is not surprising to the Southwest Florida market! Our Canadian friends are frequent visitors and purchasers of homes in Southwest Florida! Here are the top 3 countries
Growth in prospective home buyers: 107.7%
Share of international prospective buyers: 45% (the highest)
Growth in prospective home buyers: 153.8%
Share of international prospective buyers: 12.1% (2nd highest)
Growth in prospective home buyers: 121.9%
Share of international prospective buyers: 11% (3rd highest)
Why are these countries racing to the U.S. to buy? It was reported that these buyers perceive the U.S. as “bargain” prices, economic stability and a “safe haven for investors.”
See the full list at 10 Countries Racing to Buy American Homes.
Are you a foreign buyer interested in buying a home if Southwest Florida? Let a John R. Wood Agent help you navigate the market!
Click HERE to contact an agent right now!