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Florida sees increase in international buyers

NAR/FAR Study July 2010: Florida sees increase in international buyers. International buyers generally see U.S. real estate as a desirable, profitable and secure investment.

Some Highlights: 15 percent of buyers plan to use their property less than one month per year; 21 percent expect to use it one to two months; and 34 percent three to six months.

11 percent of foreign buyers bought a new home, while the remaining 89 percent purchased a previously owned home.

Canada had the largest share of buyers, accounting for 36 percent of recent sales. Buyers from the United Kingdom accounted for 15 percent, and the rest of Western Europe accounted for an additional 14 percent.

51 percent purchased a detached single-family home; 37 percent purchased a condo, 11 percent purchased a townhouse and 1 percent purchased some other type of home.

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