Foreign buyers gobbling up Tampa Bay properties

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"The Tampa Bay area is particularly desirable for foreign buyers of real estate and we continue to see growing global interest," said Allen Crumbley, Broker/Owner of Berkshire Hathaway HomeServices Florida Properties Group.

So can we conclude anything reliable about foreign buyers? We do have a decent grasp on where they’re coming from. The fear of Chinese millionaires gobbling up American homes as just another piece in.

How Foreign Nationals Can Buy Florida Investment Real Estate March 3, 2017 By Jorge Vazquez Florida continues to rank as the top U.S. state for real estate investing by foreign investors , often by foreign nationals seeking higher profits, diversity, and more safety than is available in their home nation.

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As residents of the Tampa Bay area, we specialize in the Tampa Real Estate and surrounding areas of Saint Petersburg, Clearwater, Land O Lakes, Wesley Chappel, etc. We help both Buyers and Sellers, including those out of state and out of the country.

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The Bay Area, long a target for the perception that skyrocketing home sales prices have been fueled by cash transactions from foreign or tech buyers, barely made it into the top 50 markets seeing.

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But Mark Hasiuk’s columns about foreign real estate investment in Vancouver are a stark reminder that, as with most things, we’re in lock-step with our american cousins. foreign buyers not.

"NEW YORK (CNNMoney) – Lured by bargain home prices, foreign buyers stepped up their purchases of U.S. homes by 24% over the past year, according to an industry trade group. The National Association of Realtors reported Monday that $82.4 billion worth of homes were sold to international buyers in the 12 months that ended in March, up from $66.4 billion the year before.

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