Posts Tagged ‘foreign buyers in naples fl’

Naples, Florida Real Estate & Beyond: International Buyers Still Sweet on Florida!

Tuesday, July 24th, 2012

According to the most recent Profile of International Home Buying Activity Report by The National Association of Realtors (NAR), international buyers are heavily concentrated in four states: Florida, California, Texas, and Arizona.

However, Florida has been the fastest growing destination of choice.

Florida accounts for 26% of international sales. These are sales measured in terms of transactions, and the percentage figure indicates that 26 percent of total international home sales in the U.S. to foreigners (not 26 percent of total U.S. home sales, and not 26 percent of Florida home sales) go to international clients in Florida.

Purchasers from South America frequently find Florida attractive and well as Canadians, who also tend to focus on Florida.  There are a sizeable number of German speakers in Southwest Florida.

Canada, China, India, Mexico, Brazil, and the U.K. remain as the major sources of purchasers with Canadians, Brazilians and buyers from the U.K. topping off sales in Florida.

See the full report here!

Are you ready to buy or invest in Southwest Florida? Talk to a John R. Wood Agent today!

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

 

 

 






Foreign Buyers Create a Surge in the Southwest Florida Real Estate Market

Monday, July 9th, 2012

International buyers are certainly taking advantage of the Southwest Florida real estate market. According to a report in the July 5-11 issue of Florida Weekly, many buyers are coming from Canada, Germany, Switzerland, Croatia, Romania, Venezuela, Brazil, Chili, and England. It was reported that in Collier County nearly two-thirds of buyers are foreign.

Additionally, for some local real estate agents, foreign homebuyers account for 60% of business and many are cash deals.  These buyers are also boosting our economy by hiring interior decorators and remodelers, and shopping our stores.

According to the National Association of REALTORS® (NAR), 26% of all foreign sales in the U.S. took place in Florida – more than double the #2 state, California. Canadians, who have favored Southwest Florida as a winter destination for a long time, accounted for 24% of foreign sales in the U.S.

Different areas of Southwest Florida appeal to different buyers. Once favoring the Miami area, Latin buyers are now opting for the more relaxing Gulf Coast. Germans enjoy the waterfront properties, and more buyers are now discovering towns South of Fort Myers, namely Estero, Naples and Bonita Springs.

Many foreign buyers are also looking at Southwest Florida as an investment opportunity.  They see more favorable prices and are banking on appreciation in the next 5-10 years.  They are also placing their homes in a rental program, taking advantage of the vacation rental market.

John R. Wood Agent, Roger Brunswick was quoted in the report by Florida Weekly. “We’ve always had a few foreign buyers, but in the last couple of years, 60% of my buyers have ben from out of the country,” he states. “I’m working a lot with Canadians.” Brunswick says international buyers account for the majority of his sales in Estero and Bonita Springs.

Local real estate agents expect the international influence to remain strong and continue the recovery of the local market.

Are you ready to buy or invest in Southwest Florida? Talk to a John R. Wood Agent today!

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

 

Source: Florida Weekly July 5-11, 2012

 

 

 






Foreign buyers see great opportunities in Southwest Florida Real Estate

Wednesday, January 18th, 2012

According to a  recent study by Credit Sesame, which used National Association of REALTORS® (NAR) data for its findings, foreign investors are finding plenty of deals in the U.S. when it comes to real estate, and, as such, more international investors are flocking to key states to buy their piece of the American Dream. 

Mexico is the top country of origin for foreign buyers purchasing U.S. homes, according this study.

The top destinations of foreign investors for U.S. real estate purchases are: 

1. Florida: Thirty-one percent of all home purchases in that state are made by foreign buyers, with most coming from Cuba, Haiti, and Colombia.

2. California: 12 percent of all home purchases (most coming from Mexico, the Philippines, China, India, and Vietnam)

3. Texas: 9 percent of all home purchases (most coming from Mexico, India, Vietnam, China, and the Philippines)

To search for homes for sale in Naples, Estero, Bonita Springs or Marco Island, click HERE!

 John R. Wood Realtors – The Symbol of Local Knowledge

Source: “Housing More Affordable Than Ever … for Foreign Investors,”






Canadians Target Naples for Real Estate Purchases

Tuesday, November 1st, 2011

Recently, the the Montreal Gazette published an article discussing Canadians buying property in Florida.  From June 2010 to June 2011, 10% of property sold in Florida was purchased by Canadian buyers. The Gazette showcases five regions in Florida that Canadians are concentrating on for winter or 2nd home purchases: Tampa-St. Petersburg-Clearwater; Miami-Fort Lauderdale-Miami Beach; Orlando-Kissimmee; Naples-Marco Island and Cape Coral-Fort Myers. Almost 75% of all Canadian home purchases were in these five regions.  Over 90% of the Canadian home purchases were all cash purchases. 

While these other regions are great, why not find your winter or vacation  in the Crown Jewel of the Paradise Coast – Naples, Florida

Click HERE to find properties for sale in Naples or Marco Island.






Real estate in Southwest Florida is still a prime investment strategy

Tuesday, October 25th, 2011

Luxury real estate investors and buyers have shifted their priorities.  Instead of trying to grow their wealth, they are focused on wealth preservation – maintaining the wealth they have in today’s challenging and unpredictable investment market.    A Reuter’s article calls the resulting investment strategy a “catastrophe portfolio” which “allocates one third of the money to gold, one third to defensive and internationally diversified blue chip company shares, and a third to the debt of ultra-safe developed countries.”  

The third investment strategy is interesting.  A 2011 study by Knight Frank and Citi Private Bank reports that factors that encourage investors to seek out and buy the very best property in U.S cities, if anything, have become even more important.

This interest in quality real estate has been seen in Southwest Florida.  Many foreign buyers are looking at Southwest Florida, specifically Naples as a sound real estate investment.  Many of these buyers, like Canadians, are seeking vacation or second homes on the Paradise Coast. In addition, South American buyers also find Southwest Florida attractive and make up part of this buying group. 43% of these buyers agree that a desirable location is the most important factor influencing the purchase – and we all agree that Naples, Florida is a desirable location. Single-family homes are purchased the most with condos following closely behind and 62% of these sales are cash, which alleviates challenges with financing.

On a national level, the international market for U.S. residential property approached $82 billion on an annual basis. In serving the market, buyers rely heavily on contacts and reputation in obtaining clients.

If you’re interested in investing or buying real estate in Naples, Florida, be sure to find an agent that specializes in International clients.

To find an agent who specializes in International clients, click HERE.






Foreign buyers account for 25% of home sales in South Florida

Friday, October 21st, 2011

According to CNN Money‘s article in today’s edition, foreign buyers are increasing here in the U.S. and there is a new Senate bill emerging that will make it even easier for foreign buyers to take advantage of American real estate.  The bill is co-sponsored by Charles Schumer (D-NY) and Mike Lee  (R-Utah) and states that a U.S. Visa will be granted to international investors who agree to spend at least $500,000 on resdential real estate in the U.S. If passed, this could mean a surge in real estate sales, especially in regions like Naples, Florida and other Southwest Florida cities that have already seen an influx of international buyers.

According to the National Association of Realtors (NAR), foreign buyers, spent $82 billion dollars buying U.S. homes in the 12 months ended in March, up 24% from a year earlier, represeting 8% of total U.S. sales.  In Southwest FLorida,  foreign buyers already account for 25% of residential sales.  Condo sales have been surprisingly accoring to Metrostudy, a housing analytics company, and the majority of those sales are to South Americans and Canadians.

International buyer activity has been great for the Florida market. Housing starts were up nearly 20% in the three months ended Sept. 30, according to Metrostudy.  Even better for homeowners, foreign sales can be very easy beacause the buyers are often affluent and buy more expensive homes.   And, overwhelmingly, international buyers pay cash.

The Senate bill would require buyers to pay cash for the homes to qualify for the new “homeowner” visa.  They’d also need to pay U.S. taxes and spend at 180 days a year in the country, and can’t work here or take out home-equity loans against the properties. In return, they’d get to live here for at least three years.

However, foreigners seem to have more confidence in the U.S. real estate market than Americans do. Almost half of buyers surveyed by NAR cited the profitability or safety of their investments as the main factor that persuaded them to buy.  With the economic distress in Europe, it seems that people are still looking for safe havens for investing and the U.S. is perceived globally as safe.

To find homes for sale in Southwest Florida, click HERE.

John R. Wood Realtors, Inc. – The Symbol of Local Knowlege