Foreign buyers gobbling up Tampa Bay properties

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But Mark Hasiuk’s columns about foreign real estate investment in Vancouver are a stark reminder that, as with most things, we’re in lock-step with our American cousins. Foreign buyers not.

Sales of single-family homes in Pinellas soared 40.5 percent last month compared to the same period a year earlier while sales for all of 2014 rose 9 percent. Across the bay in Hillsborough, home.

Several International Airports and Seaports give easy access to the Tampa Bay area. Late in 2010 foreign buyers hadn’t quite seen the downturn in their local economy so buying in the US made a lot of sense and was geting a lot of attention. It still does, but some foreign economies are weaker as the US economy has led the world recovery.

Peter Muoio, chief economist at the online property auction site Ten. But the deals were too good to pass up. Crescent sold its Crescent West Shore, a 374-unit complex just a few miles from Tampa.

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Foreign buyers gobbling up Tampa Bay properties Drawn by prices and the location, buyers from Canada, the U.K. and elsewhere spend billions around the state. drs. joana Machry and Geraldo Ramos of.

While foreign buyers purchased property across the state, most. (54 percent); Orlando-Kissimmee-Sanford (9 percent); Tampa-St.. In dollar value, foreign buyers made up 19 percent of the market (21 percent in 2017).