Foreign buyers gobbling up Tampa Bay properties

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More than half of that investment came last year in a single purchase: The Dalian Wanda Group, also the buyer of AMC Theatres, paid $650 million for Tampa-based. The Committee on Foreign Investment.

With years of experience in the Tampa Bay area including fixer-uppers, investment/income properties, REOs, renovation loans, code enforcement issues and foreign buyers and sellers, there’s no surprises. And even if there are, we’ve got this or know someone who can resolve it.

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Canada is on the lead as the largest foreign buyer of homes in the US. China follows behind, with $7.4 billion in total sales in the past year. This figure is 24% higher than the sales in the previous 12 months, according to a report by the National Association of Realtors.

Sarasota-Manatee real estate still strong with foreign buyers southwest florida apparently escaped the free fall in foreign investment in residential real estate that hit much of the country. And the Sunshine State remains the most appealing to those property buyers, besting California and Texas.

"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.

Home construction overall was up 6.2% last month from June 2018. of Realtors on Wednesday reported a big drop in foreign. Foreign buyers purchased 47,000 residential properties, a seven percent increase from the 44,000 properties purchased in the 12-month period ending in June 2015.

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