Last we heard on the global home buying front, developers in Miami, FL were gearing up for a turnaround in the real estate market thanks to interest from foreign buyers from South America, Europe, Russia and China. However, Miami is hardly the only hot spot for international homebuyers, according to a new report released by Inman News this week. Of the ten U.S. markets for global homebuyers, six, including the Miami-Fort-Lauderdale-Pompano Beach area, hail from the Sunshine state, while the other rising markets are can be found in prominent vacation destinations and metropolitan areas. The study points to the decline of the U.S. dollar and current bear market coupled with cash-rich foreign parties as the main the main reasons for the increasing interest.
Read the full list of 10 Hot Spots for Global Homebuyers here.
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