Foreign buyers are taking over…but it’s Canadians in Florida
The National Association of Realtors in Florida has confirmed that Canadians are still the number one buyers of property in the state. The new report shows that US$2.2 billion was spent by Canadians in the Sunshine State last year, accounting for 31.6 per cent of all international transactions. Even though there has been a shift towards buying recreational homes in domestic markets these figures show that we still like a bit of southern sunshine; Canadians are the top foreign buyers in Florida for the seventh year in a row. Tampa-St. Petersburg-Clearwater is the favourite place to buy followed by Naples and Fort Lauderdale. Prices are typically below US$200,000.