Posted on Monday, January 09, 2012
It is estimated 23% of Florida real estate is driven by international buyers – more so in the Miami area these days. Here in Naples we see about 20% or so from Canada (thank you Canada and good luck with the tourist visa program!) and about 3% from Europe. So that leaves 75%+ home grown from the good old USA – particularly the midwest and east.
Florida Realtors reported last week “While international buyers have been heralded as the leaders of a Florida real estate rebound, a recent Census Bureau report on migration trends indicates that U.S. residents from northern climates are once again heading to Florida for retirement. Between April 1, 2010, and July 1, 2011, Florida welcomed 256,000 new residents, or roughly 560 new Floridians each day. Texas grew by 529,000 residents, and California came in second with 438,000.”
Ok the migration is on again – and no wonder. No state income taxes, a fiscally responsible government compared to most and a very nice climate thank you. After real estate today it will be a little outdoor tennis team competition in the middle of January – nice.
No legal or investment advice or suggestions are being given in this Blog. Actual real estate price and sales results are subject to market forces and are not completely predictable. Please consult a lawyer or investment advisor for such legal and investment advice. The writings of this Blog are intended for the sole use of our clients.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA
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