Recent statistics show that Florida accounted for an astounding 25.4 percent of foreign real estate buyers nationwide from May 08 to May 08. This data comes from the National Association of Realtors Profile of International Home Buying Activity. Distant spots two and three were taken by California and Arizona respectively with 8.9 percent and 8.7 percent of foreign buyers.
Brits especially are well positioned to find Florida dream homes and Orlando is their number one choice in Florida. Disney’s tourism industry remains strong so the Orlando market has fared a little better than Florida’s southern counties. There are still many incredible deals to be found in the area however. According to NAR’s report, 43 percent of foreign investors buy US real estate with cash. The United Kingdom came in second in the list of the top six countries (trumped only by the Canadians) investing in US real estate with an average purchase price of $350,000. Interestingly enough 55 percent of foreign buyers purchase American homes as a primary residence, followed by 31.6 for vacation and investment and 13.4 for investment only.
Orlando’s British Homes Group is uniquely positioned to help buyers from the UK – their Orlando real estate team has both British and American professionals who are experts in both UK and US property purchase and financing procedures. Through co-brokerage arrangements and the availability of the Florida Property Multilist, BHG has access to one of the largest property databases available in Florida.
Their British home loan division can also help the British home buyer with access to fixed and flexible mortgages in a variety of currencies.
Call British Homes Group Today for help with purchasing or financing your Orlando area dream home!
