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Florida will remain America’s No. 1 destination

October 18, 2006

foreignmoney1.jpg“Florida will remain America’s No. 1 destination for at least the next ten years,” says the chief ecconomist for the National Association of Realtors.  A major reason for the continuing strong showing for Florida’s real estate market is the demand from overseas buyers. Florida has the highest share of real estate buyers from overseas of any state, 15 per cent on average. These foreign buyers will keep propping up Florida’s real estate market, lured by the U.S. import-export explosion, the high value of the Euro compared with the dollar and the safety of US investments amid turmoil around the world.

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