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Foreign Investment

December 14, 2007

The British pound is particularly strong, currently trading at over two to one against the dollar.  This means that foreign private investors and investment groups are highly motivated to buy.  The rich are taking this opportunity to become richer.  I hear it every day,  “If I had the money, I would buy all I can.”  With such favorable exchange rates, foreign investors have the money.  Foreign investors often use a group strategy when they acquire properties, pooling buying power and distributing risk. They buy multiple properties in targeted areas, then hire local property managers to oversee them and keep them rented.  Canadians are very active right now, especially in area like Sarasota, FL where there are strong indicators that the market is in recovery. The British are very familiar with Florida as a vacation spot, so when they see bargains they are quick to seize the opportunity to purchase.  My high search engine ranking and highly trafficked websites like www.sarasotacondomiums.com are reaching these foreign investors.  I am also providing property management services.  If you are buy or selling in this market, I can help.

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