S & J Journal

The Miami Association of Realtors held a conference last week at the Biltmore called the Miami International Real Estate Congress where 250 agents from the United States and ten foreign countries joined together to network and discuss the Miami/Miami Beach residential markets. These remain highly sought-after cities for international buyers and investors. The Association reported that the largest amount of foreign real estate purchases here are from Venezuelans, followed by Argentinians and Brazilians. Generally this is because prices are still better in Miami than in those countries' markets. Latin Americans account for about 70% of the international real estate transactions in Miami and Miami Beach (Western Europeans 18%). Read more here:   http://www.miamiherald.com/ 2012/11/05/3083404/foreign- interest-in-miami-property. html#storylink=cpy

Florida Realtors reported yesterday that Trulia performed an assessment of the number of foreign buyers that accessed their website to search for a home in the U.S. and it seems foreigners are dropping off as home prices rebound. However, international investors remain interested in U.S. real estate primarily in Florida. Trulia listed the top 10 cities searched by foreign buyers through its website, and six are in Florida: 1. Miami (15.7% of the Miami searches done through Trulia were by foreigners) 2. Los Angeles 3. Fort Lauderdale 4. Lakeland-Winter Haven 5. Orlando 6. West Palm Beach 7. Cape Coral-Fort Myers 8. Honolulu 9. San Francisco 10. Las Vegas Home searches by foreigners on Trulia are regularly from Canada, the United Kingdom, Germany and Australia. On this real estate blog, Jeannett’s Journal , foreign readers are mainly from Russia, Slovenia, Canada and Germany, and make up 5% of our total blog visitors. At Slesnick & Jochem, we specialize in propert...