26 Feb '14, 3am

#GlobalREBubble 'Foreigners flock to Florida property' via @SGPropertyGuru

The figure confirms Florida’s position as capturing the largest share of foreign real estate investment in 2013 of any state in the U.S., with non-resident foreigners accounting for US$6.4 billion of investment in the state in 2013. Interestingly, the NAR data has also shown that foreign investors’ desire for ‘above-average properties’ means that they purchase more luxurious (and expensive) homes than the state’s median price. The high-end three- and four-bedroom villas at The Fountains at ChampionsGate in Orlando (pictured ) are just the type of property that foreign investors are searching for. With gourmet kitchens, outdoor terraces, a resort-style pool and a clubhouse within walking distance, the villas provide the luxurious standards that overseas buyers demand. Surrounded by pine and oak trees, they offer peace and seclusion in which to enjoy Florida’s year-round sun...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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