Foreign real estate investors brought upwards of $12 billion to the Florida economy in the last year, totaling 22,500 existing homes purchased at a medium cost of $347,300, a recent real estate study shows.
Conducted by Florida Realtors, the study indicates a 30 percent rise in statewide housing and condo markets among foreign investors despite the nationwide economic contraction from the COVID-19 pandemic.
Within Florida, low mortgage rates and sustained job growth have boosted home sales and home prices. Demand has outpaced supply, leading to stronger price appreciation and buyer competition among international buyers.
The Miami metropolitan area, including West Palm Beach and Ft. Lauderdale, accounted for over 50 percent of properties purchased, followed by the Orlando region (10%), Tampa (8%), Cape Coral-Ft. Myers (5%), and Sarasota (4%).
Forty-three percent of Florida’s foreign buyers purchased in a central city or urban area, an increase from 34 percent in the prior 12-month period. The increase can be explained by the higher share of buyers from Latin America, who tend to purchase properties in the Miami metro area. Nationally, 28 percent of all U.S. foreign buyers purchased property in a central city/urban area.
Latin American and Caribbean individuals comprised the largest point of origin for Florida’s international buyers at 46 percent, trailed by Canadians (18%), Europeans (15%), Asia and Oceania (7%), and Africans (1%). The top countries were Canada (18%), Colombia (9%), Argentina (7%), Brazil (6%), and Venezuela (5%).
Foreign investment stemming from the United Kingdom has plummeted over the past 13 years, with the share of foreign purchases in Florida falling from 21 percent, over a fifth of all bought homes in 2008, to just 3 percent in 2021.
Florida holds the largest portion of foreign real estate clients in the country at 22 percent, followed by California and New York.
Nearly three-quarters of buyers evaluated in the study claimed that their newly purchased residence would be used solely for vacationing purposes, with almost 70 percent of this group buying in cash.
Florida’s jolt of real estate investment comes on the back of strong tourism numbers following the height of the COVID-19, as Governor Ron DeSantis recently announced that Florida’s visitation from July to September exceeded that of that same period in 2019, welcoming 32.5 million travelers.
This is ridiculously to high. Most of these newly purchased properties are for rent, not for vacation purposes! Florida Governor is behind this spick. He credit himself for boosting the economy at the expensive of long time residents. While at the same time ignoring the numbers of homelessness being created. Same on him! This is designed to make is political party look good outwardly, to encourage foreign investors. We’ve long known California & New York housing has always been more expensive than most cities in America. In my opinion the White House should step in, and impose restrictions on how much investor can charge for rent, as it is price gouging in an already weaken economy. If not, Florida will end up like LA tent city, which is riddled with crime! Instead of being a great city, Florida will become a war zone over time legislators are ignoring this, in exchange for profits. Please past these concerns along to Florida legislator’s and the President! Thanks for listening.
Attention : Hello to International / Global investors, & or all other Company, & or all other United States of America interested buyers, & purchaser’s, & or all other Overseas interested buyers, and or purchaser’s for the below mentioned Vacant Land / Property, & or all mentioned within this email corresponds.
SUBJECT MATTER : Reference to only, & nothing but the United States America Central Florida Vacant Land / Property located at the physical address of 2405 Barfield RD, POLK CITY, FL 33868, & or the Polk County, Florida APN/Parcel ID # 03-27-25-000000-014020.
Reference to : LAND BEING CONSIDERED TO BE TO SOLD IN POLK COUNTY, FLORIDA CLOSE, & NEAR SUPER HIGHWAY INTERSTATE I-4 EXIT 44 WHICH HAS EASY ACCESS WITH THE EAST BOUND RAMP TO ORLANDO, FLORIDA & THE WEST BOUND RAMP TO TAMPA, FLORIDA, & WHICH IS VERY CLOSE, & NEAR TO ALL ORLANDO FLORIDA THEME PARKS, & TO THE TAMPA, FLORIDA THEME PARKS ATTRACTIONS, AND SO MUCH MORE.
Don’t miss out on approximately 3.90 acres within the United States of America, & within the Central Florida, & which is in my opinion Beautiful Vacant Land / Property close, near, & only seven tenths ( 7 / 10 ) of a mile from Florida Super Highway Interstate I – 4 exit 44 East bound RAMP, & West Bound RAMP, & in my opinion many Florida kinds, & type’s of businesses, employment, entrepreneurs, opportunities, & perks, & minutes away from the local immediate areas, cities, towns, counties such as Auburndale, Florida area, Davenport, Florida area, Disney, Florida area, Kissimmee, Florida area, Lake Buena Vista Florida area, Lakeland, Florida area, Orlando, Florida area & Tampa, Florida area, Winter Haven, Florida area along with Amazon fulfillment Center, & with Amazon Businesses Offices, & Storage Facilities, Apartment Complexes, the Atlantic Ocean beaches, & Gulf beaches, Boating, Sailing, Skiing, Banks, Businesses, Entertainment, Fishing, Hardware Stores, International Airports, Lakes, Malls, City, County, & State Parks, Polytechnic University of South Florida, Publix Shopping Center, Post Offices, Restaurants, RV Parks, Service Stations, Shopping Stores of Many Different Kinds, Residential Subdivisions, Florida Famous Theme Parks, Truck Stops, Touring areas, & much more in my opinion.
In reference to the property mentioned above please be so very kind to call me via, & over phone number to save effort, initiative, time, & or all other possibilities whatsoever, & to hopefully alleviate the many harassing and nuisance communications in my opinion.
863 984 9227 within the United States of America
I 863 984 9227 Outside the United States of America, & or throughout Overseas countries.
Please be so very kind to save effort, initiative, time, & or all other possibilities whatsoever, & to hopefully alleviate the many harassing and nuisance communications in my opinion please provide, & send me at least your full, complete, and total detailed following below requested so I will have a idea whom I am in contact with :
Your legitimate full, & complete Name, & or all other etc whatsoever.
Your legitimate full, complete, & total detailed Business Name, or Names, & or all other etc whatsoever.
Your legitimate full, complete, & total detailed Cell phone number, or Cell phone numbers with area code ( s ), & Land mine Phone number, & phone numbers with area code ( s ), & or all other etc whatsoever.
Your legitimate full, complete, & total detailed Email address, & or Email addresses, & or all other etc whatsoever.
Your legitimate full, complete, & total detailed physical address, or physical addresses, mailing address, or mailing addresses, & or all other etc whatsoever.
Your legitimate full, complete, & total detailed Business, & or Businesses City, County, State, Federal licenses, identification, & all other etc whatsoever.
Your legitimate full, complete, & total detailed City, County, State, Federal identifications, license, pictured identification, or pictured identifications, pictured license, or pictured licenses, Corporation documents, & or all other etc whatsoever.
Please be so very kind to provide, & send all requested above to my email address which is rtercero1453@gmail.com
Please be so very kind to know, understand, & comprehend once I have a idea whom I am in contact with then I will gladly provide, & send you further details in reference to the Vacant Land / Property mentioned above that is being considered to be sold.
Thank you sincerely,
Yours truly,
Mr. Richard Schmidt
100% property owner
You are so out of touch with reality!! Blaming investors for homelessness is NOT is an addiction/affordable housing problem. It is NOT, I repeat, NOT an investor issue. Subsidized and affordable housing can ONLY be built with your tax dollars! That is what the government should focus on and NOT hurting investors and the economy!!
Stop blaming investors for all the social issues!! Wake up! Your disdain and jealousy for the wealthy is showing. Investment IS the backbone of a strong economy. Homelessness is 99% due to an addiction issue & NOT investments in housing. People who pay high rent CAN afford high rent. People who stay at Airbnbs CAN afford to stay at Airbnbs. They spend money wherever they go and keep the lights on everywhere they go. They spend money at the shops and keep people’s businesses afloat! They ARE the drivers of the economy. Affordable housing is paid through tax dollars; not investment dollars. It is a sinkhole. It drains money rather than create it. Your wokeness has no clue as to how basic math and economics work. You need to go back to basics; maybe take a course. The government already has too much control over all of us. We need less of that!!