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Weak Dollar and Sarasota Real Estate

November 18, 2006

worldmap.gifThough the dollar’s continued weakness against foreign currencies could put upward pressure on interest rates, it may increase foreign investment in Florida real estate.  During the boom of 2003, 2004 & 2005, I sold many investment properties on the beaches and golf courses of Sarasota to foreign investors.  Today’s increased inventories and motivated sellers coupled with a weak dollar creates a great climate for foreign investment in prime beachfront properties. 

Sarasota has always and will continue to attract international buyers.  Today the climate is even more favorable.  My association with RE/MAX provides access to buyers and referrals from 120,000 agents in  6,500 offices in 63 countries.   Click here for currency conversion.

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