International Buyers Bolster Florida’s Housing Market

The report "Buying In: An Analysis of International Homebuyers in Florida" projects that Florida will sell an estimated 60,000-plus homes to international buyers through 2016.

Most international investment in the Florida housing market comes from Latin America and the Caribbean, Canada, and Europe—nearly 90 percent of Florida home purchases by international buyers.

"International homebuyers not only bolster Florida's housing market, they also impact Florida's economy as a whole," says Jerry D. Parrish, Ph.D., Florida TaxWatch Chief Economist. "The sale of Florida homes to international investors increases tax revenue, provides the opportunity to expand tourism, and diversifies the state economy with global exposure."

Read more at Florida Realtors.

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