International Investors Snapping Up Florida Real Estate for Sale

Hot deals on Florida real estate for sale are becoming fewer and further between as the market in the state has begun to recover from the downturn of 2008. International investors are snapping the small amount of cheap land for sale that is still available, particularly investors from Canada and Asia.

With popular property markets like Vancouver and Toronto showing significant signs of softening, Asian investors seem to be shifting their focus south of the border, according to Canadians who specialize in marketing bargain Florida houses and condos to snowbirds.

Asian interest in Florida has really picked up steam in the last year. In fact, there has been a surge in Asian buyers snapping everything from multi-million-dollar New York mansions to California estates, according to data from the U.S. National Association of Realtors.

But take note foreign investors; it's getting increasingly challenging to find FL properties for sale under $150,000 as the beleaguered U.S. housing market slowly recovers and the inventory of distressed homes drops. This is a great reason to invest in land ad lots parcels as prices on these types of real estate investments remain low and create a high ROI.

Canadians remain the dominant foreign population buying land in Florida, although their share of the market dropped to 31 percent last year from 39 percent in 2011, according to figures from Florida Realtors. This decrease can be attributed to many factors including a growing pool over buyers over the past year.

More Americans have been able to qualify for mortgages and buyers from other parts of the world, Brazil in particular, are not only on a buying binge, they're willing to spend significantly more on (median prices of $200,000 to $300,000) Florida real estate for sale.

Investing in Florida real estate for sale can be a wonderful addition to an already robust international investment portfolio or a portfolio that is just starting out. To learn all about investing in Florida real estate and land contact an expert member of the Zadooland.com land sales team by calling (239) 333-2221.


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