Of all the property bought and sold by foreign investors throughout the United States the majority of it is in resort destinations.
Because of the devaluation of the U.S. dollar and the strength of many foreign currencies right now, property in Florida (Miami in particular) has become increasingly attractive to foreign buyers who tend to purchase higher end, luxury property.
International buyers are inclined to buy in cash rather than relying on a mortgage or other financing … although they can certainly qualify for and get financing.
If you are looking for solid real estate investments in Miami, contact us on our direct line at 305 793-1365 or send us a note here. Alexandra and Vicki Restivo at EWM Realtors .
