Foreign investors have more than doubled their purchases of Tampa Bay real estate in the last year, as buyers look beyond Miami for bargains. At $120 million, overseas purchases in Tampa Bay in the last 12 months trailed only Miami at $127 million and Palm Beach at $275 million.
In the previous two years, according to Real Capital Analytics, foreign buyers spent a total of $107 million in the Tampa Bay area.
International investment in Florida is not new, but the money flow from Latin America is increasing, said John Stone, a managing director at Colliers International Tampa Bay. “There is a sense around the world that America is for sale,” he said. “They’re buying up everything.”
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