Sarasota Area Ranked 4th for INternational Buyers

DAILY REAL ESTATE NEWS | MONDAY, MARCH 26, 2012 - Foreign buyers are being lured by the bargain prices in American real estate. So which markets are the most attractive to these international buyers?

Florida continues to be the most popular destination among foreign home buyers, but other states are attracting more foreign interest as well. More than half--58 percent--of international sales in 2011 came from these four states alone: Florida (31 percent), California (12 percent), Texas (9 percent), and Arizona (6 percent), according to National Association of REALTORS® data.

Inman News recently identified the individual markets where foreign buyers make up the biggest share of home buyers. Among the top markets to make the list:
1. Lakeland-Winter Haven, Fla.
2. Cape Coral-Fort Myers, Fla.
3. Orlando-Kissimmee-Sanford, Fla.
4. North Point-Bradenton-Sarasota, Fla.
5. Miami-Fort Lauderdale-Pompano Beach, Fla.
6. Phoenix-Mesa-Glendale, Ariz.
7. New York County, N.Y. (Manhattan)
8. Honolulu

See which other real estate markets topped the list, along with more information about the study, at Inman News.

Source: "10 Hot Spots for Global Homebuyers," Inman News (March 2012)