Even as the world economies remain unstable the U.S. real estate market is a less expensive and affordable option to foreigners that can afford to purchase second homes and investment properties given the circumstances. In particular, Miami has seen an increase in the volume of transactions from foreigners ranging from Russia, Canada, Europe and Central & South American Countries. The positive affect has been a decrease in single family and condominium inventories leading to slight rise in values (depending on the area) benefiting an industry that has been at the forefront of the recent financial crisis.
Bring on the Foreign Buyers!
Recent Miami-Dade Sales Stats
