Europeans Again Interested in Florida Homes

Published by peter | Filed under Market Trends, Pinellas County Homes, Real Estate

A must-read from the New York Times: “Although the global economic shift affected the real estate market in the state, as it has nearly everywhere in the United States, one significant countervailing force is being felt again: Foreign buyers’ interest in Florida.“We have seen renewed interest in real estate, especially since late spring,” said Jennifer Howard, an agent in Destin, Florida. “We are anticipating even greater interest with the opening of the new airport.” Designed to cater to charter jets from Europe, the Panama City/Bay County International Airport is scheduled to open in the spring.A few years ago, enthusiasm among foreigners for Florida real estate was fueled by a favorable exchange rate. Then the recession hit. Now, Ms. Howard and other agents say, foreigners are again focusing their purchasing power on the Sunshine State.”  You can read the rest of this article here.