FL: Foreign Investors Spent $12.7 Billion in Real Estate in 2010

Florida Real EstateCanadians make up 39 percent of the international pool of buyers that spent $12.7 billion on residential real estate in Florida in 2010, according to a new report.

Brazil’s growing influence in the market is tied to 8 percent of purchases, according to data from the National Association of Realtors and Florida Realtors. The U.K. and Venezuela tied at 7 percent each, with Germany, France, Argentina, Colombia, Australia, Mexico and Spain driving the balance of buyers.

More than 86 percent of the Florida transactions involving international buyers are being completed in cash.

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