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Foreign buyers gobbling up Tampa Bay properties

With years of experience in the Tampa Bay area including fixer-uppers, investment/income properties, REOs, renovation loans, code enforcement issues and foreign buyers and sellers, there’s no surprises. And even if there are, we’ve got this or know someone who can resolve it.

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U.S real estate is increasingly attracting wealthy foreign buyers. Here’s a look at the hottest U.S. markets for foreign luxury buyers and which markets should emerge in the next few years.

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In most parts of the country, inexpensive starter homes are making the greatest gains in value for buyers. biggest gains last year in Tampa, Fla., and Las Vegas, each increasing by about 20 percent.

In their place, a diverse economy has sprung up – one that even includes the spring training location of the New York Yankees, the Major League Baseball rival of the local Tampa Bay Rays. over.

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Florida Again Dominated Sales of U.S. Homes to Foreign Buyers nora June 29, 2012 Florida again topped all other U.S. states in the sales of U.S homes to international buyers over the 12-month period ended March 2012, based on a study by the National Association of Realtors (NAR).

Foreign buyers gobbling up Tampa Bay properties. Drawn by prices and the location, buyers from Canada, the U.K. and elsewhere spend.

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.