There are a growing number of international buyers taking advantage of Southwest Florida's still relatively low home prices by snapping up primary residences and investment properties alike.
The Sarasota-Manatee region ranks sixth statewide in the percentage of foreign buyers of existing homes, according to a new report by the National Association of Realtors.
The two counties were the state's second most popular region among buyers from the United Kingdom and third among Canadians.
British buyers tend to look at investment properties at $300,000 and under, while Canadians focus on $200,000 and under. Much of that inventory has been snapped up by the giant Blackstone Group and other equity-fund buyers, together with baby boomers and retirees, in the past year.
Source: Herald Tribune
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