$1.4 Billion In Tampa Bay Real Estate Sales To Foreign Investors Over The Last Year

By
Real Estate Broker Owner with Cornerstone Properties & Investments, LLC

Over the last year an estimated $12.7 billion dollars in real estate was purchased in Florida by foreign investors. Over 86% of those investors bought these properties with cash.  Factors that influenced these investors include a weaker dollar, discounted costs for property and increasing rent prices. The Tampa/St.Pete/Clearwater market came in at number 3 with approx. $1.4 billion in sales.

Read more about our huge influx of foreign investment in The Tampa Bay Business Journal.

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Topic:
Real Estate General Information
Groups:
High Net Worth
LA Connection
Luxury Properties $750k+
Luxury Real Estate
LuxuryRealEstate.com Network For ActiveRain Members
Tags:
foreign
investor
real estate
sales
dollar
tampa
beachfront
waterfront
investment

Comments 1 New Comment

Rainer
72,651
Amy Robinson
Realtor, Scottsdale Arizona Homes For Sale
London Pierce Real Estate

Hi Steve,  Wow that is a really high number.  I think it will continue to be this way for a while.

November 04, 2011 05:15 PM
Rainmaker
57,299

Steve Eckhardt

Tampa & Sarasota Luxury Broker
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Additional Information

Local insight about the Tampa & Sarasota areas, economic conditions that affect the luxury housing market, and unique marketing ideas that help you sell your home. Steve Eckhardt is the Founder, President, & CEO of Cornerstone Properties & Investments. He has been recognized by Who’s Who In Luxury Real Estate and has established himself as one of the area’s preeminent purveyors of luxury homes. His company, Cornerstone Properties & Investments, is a full service luxury boutique firm listing and selling some of the most expensive properties in Greater Tampa Bay and the Sarasota Gulf Coast Regions. His skilled team is committed to providing legendary client service with an unparalleled standard of integrity and expertise. Known for high-profile properties and clients, Steve can provide access to the most exclusive neighborhoods with complete confidentiality. His high regard for client's privacy is what keeps them referring friends and colleagues. We serve the Greater Tampa Bay, Clearwater, St. Petersburg, Sarasota, Siesta Key, and Longboat Key markets.