At one time the real estate market in the United States was the cream of the crop. It has definitely seen its better days, but underneath all of the gloom and doom of the housing market, there are still people buying up properties quickly. Most of these purchases are coming from out of the country. Many American citizens have stayed away from the market. It is proving to be too much of a risk for them, but for some real estate investors that don’t live in the United States, the market looks good. They are taking advantage of the lower than usual prices, and they are snatching up properties left and right.
Which real estate markets in the United States are seeing the most action. Unfortunately the out of country real estate boom is not all over the country. It seems to be taking place in certain areas. What areas are appealing to these foreign home buyers? If you put a map of the United States on a dart board and started throwing darts at it, you may never even hit the hot spots. However, there is one state that sticks out like a sore thumb, literally.
Florida seems to be the state that has the most interest. Out of the top ten cities, Florida contains six of them. What is the attraction in Florida? Could it be the coastlines that surround the state, or could it be that the foreign real estate investors are trying to make a buck or two on Florida’s popular tourist industry.
Recent statistics have shown that Orlando, Florida is the number one tourist destination in the world, but it is not the most popular place for foreign real estate investors to put their money. It comes in number three on the list.
The number one place that foreign real estate investors are sinking their money is the city of Lakeland Florida. This city has seen tremendous growth recently, and it is just a few short miles from Orlando. Real estate prices in Lakeland are much cheaper than they are in Orlando, that could be the reason why it has become a hot spot for foreign investors.
Do these foreign real estate investors have some insider information? Have they found the best place to invest in real estate? If the statistics are right, then it looks like they may have found the best kept real estate investing secret.