Miami Home Loan Learns Global Realty Buyers Purchase In South Florida

68% of International Buyes are Latin

68% of International Buyes are Latin

Miami Home loan, and Element Funding, direct lending mortgage bank, found some interesting statistics are confirmed the last few months.  If you are a potential homebuyer we find the international competition is still very strong in S. Florida according to the Miami Association of Realtors.  Jim Carter, mortgage banker, reports on the findings of the report.         

 Real estate top target for Brazilians, who led all foreign the Miami Association of Realtors website in February and in 2014 made 11% of all .area international  real  estate  deals,  trailing  Venezuela’s 16% and Argentina’s 12%, according  to a survey by the of Realtors.

  The study from October  2013 to September  2014 found  about 68%  of international buyers  are  Latin  Americans.  Top  countries  for  purchasing Miami-Dade properties are Venezuela, Argentina and Brazil (tied for second), Colombia, France, Canada.and Mexico (tied for fifth), Italy and (tied for seventh) Peru, Spain,  Ecuador, the Dominican Republic  and  Chile. The  survey  found foreign  buyers  spend  moreon properties  than  domestic  buyers  in South Florida  aa mean  purchase of $444,000 compared  with $245,000 for all Florida sales, and median of$215,000 in Miami-Dade.  About 28% of foreign buyers bought  properties  for $500,001up; they  prefer  condos  in central or urban areas, which they use primarily for vacation  and rental investments; and about  81%  of foreign  buyers paid  cash. 1

Downtown Miami

So if you need a Miami Home Loan, and, are a foreign national or a domestic buyer, and, want to discuss financing options, please call me, Jim (James) Carter, from Element Funding, at 305-525-6742 to help you get the best financing solution. We at Element Funding, will help you with an exceptional Miami Home Loan.

 

 1 Parts of this story was originally published in the Miami Today. April 16, 2015. Today’s News.

 

 

This entry was posted in Real Estate Market and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *