Investors Purchase Of US Residential Property In 12 Months

Foreign Real Estate Investors Purchase $102.6 Billion of U.S. Residential Property in 12 Months

In the last 12 months, investors outside of the U.S. purchased $102.6 billion of U.S. real estate. This number is down 1.3 percent from the survey before, but the number of properties rose 2.8 percent. U.S. real estate continues to be a hot commodity, but foreign buyers are now more focused on less expensive properties instead of the more luxurious and expensive ones that they were purchasing in the past. They are able to buy more, but cheaper properties.

Here are the significant challenges that foreign buyers faced in the last year:

- Devalued Foreign Currencies

With the U.S. dollar becoming stronger, this presented a problem for other countries.

It only makes sense that it wouldn't be able to sustain such growth and at some point, would slow down. Now that it has, the people there are not just looking for luxury, they are looking to make better investments. They see the houses in the U.S. as a smart investment, which is why they continue to buy and buy less expensively priced

When people look to retire, they look to do so somewhere warm. This is especially true of Canadian buyers who have cooler weather. Due to the great weather, other buyers look to Florida as a vacation home and somewhere to spend a few weeks a year. Another reason foreign investors may choose Florida is to make money by renting it out to people on vacation.

- Tampa is a Top City for Foreign Real Estate Investing

One of the cities leading the way in foreign sales, it Tampa, Florida. It is both a great location to live and a great location to rent out. Tampa has been categorized as one of the 10 best cities to invest in for rental properties. Tampa's white sand beaches are some of the most beautiful in the world. It was also named the third best city in the country to find a job. It has the natural beauty of Miami, the great economy of Jacksonville and a hot destination spot for travelers like Orlando.

Tampa has seen great employment growth and large companies such as Home Shopping Network, Microsoft and Amazon have offices there. There is also a great wealth of construction jobs as $2.4 billion worth of building permits were issued last