Foreign Investment in Florida.

November 25, 2009

“As part of our global asset allocation, we are targeting Florida as one of the areas with the most potential to recover value on the residential side,” said Shlomo Cohen,  vice president of real estate for Dizengoff-Trading Group which just completed the purchase of 115 condo units in Palm Beach.  The same Isreali based company completed the purchase of 118 condos in Jensen Beach in September.

The weak dollar and market which by many accounts has reached bottom is fueling a flurry of investment is Florida.  I see many great deals here in our Sarasota/Bradenton market and are working on many purchases with foreign investors.  Now is the time to back into the market.


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