Foreign buyers have big impact on SW Florida real estate

Just as tourism has been one of the few bright spots in the Southwest Florida economy, foreign real estate buyers have become a key source of demand for an industry eager for buyers. That has been particularly true for condominiums in Sarasota and single-family homes and vacant lots in North Port. Foreign ownership in Sarasota and Manatee counties jumped 10 percent last year and is up by more than one third since 2007, according to a Herald-Tribune analysis of property records. Owners listing foreign addresses bought more than 1,000 parcels in the two counties last year, totaling more than $100 million in value, the analysis shows.
Pascal Schreier
Broker Associate
Pascal@OConnorRealty.info