Why is Florida Real Estate so Attractive to European Buyers?

Foreign investment in Florida is flourishing. While 18 percent of real estate agents nationwide reported brokering at least one home sales transaction with international clients in 2006, 65 percent of Floridian real estate agents reported having done so during the same time period, according to the National Association of Realtors (NAR) Profile of International Home Buying Activity.

“Florida is always being spoken of very highly in Europe. People love to be here. They come out for vacations two or three times a year,” Laszlo Kovacs, CEO of Florida Investment Marketing Inc., said.

The largest percentage of international buyers in the state in 2005 came from the United Kingdom, according to the 2005 NAR Profile of International Home Buyers in Florida. British real estate buyers made up 33.3 percent of all international property transactions in the state, Western European countries made up 21.2 percent and Eastern European countries made up 3 percent.

So, why is Florida real estate so attractive to European buyers? The low value of the U.S. dollar, combined with Florida’s generally affordable real estate values, means Europeans can often find amazing deals on second homes and investment properties.

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