Foreign buyers gobbling up Tampa Bay properties

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“It’s heavily reliant on deep-pocketed investors coming in and snatching up real estate. A high percentage of land deals are making all-cash purchases, indicating that many buyers are foreign. of.

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Home construction overall was up 6.2% last month from June 2018. of Realtors on Wednesday reported a big drop in foreign.

Foreign buyers purchased 47,000 residential properties, a seven percent increase from the 44,000 properties purchased in the 12-month period ending in June 2015. The number of foreign buyer purchases held at 12 percent of Florida’s existing home sales. Nationally, foreign buyer residential property purchases accounted for four percent of U.S.

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Overall, 284,455 U.S. properties were bought by foreign buyers, up 32 percent from 2016. Purchases accounted for 10 percent of the dollar volume of existing-home sales, up from 8 percent last year..

The Bay Area, long a target for the perception that skyrocketing home sales prices have been fueled by cash transactions from foreign or tech buyers, barely made it into the top 50 markets seeing.

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As residents of the tampa bay area, we specialize in the Tampa Real Estate and surrounding areas of Saint Petersburg, Clearwater, Land O Lakes, Wesley Chappel, etc. We help both Buyers and Sellers, including those out of state and out of the country.

Chinese real estate buyers Looking to Invest in the US. Some Chinese real estate buyers who have children want a place near good public schools. They buy in various places in Florida, such as Fort Myers, Tampa Bay and Miami, and in California such as Del Mar, Scripps, Carmel Valley, and Racho Bernardo. Others do not have plans of moving to the US,