Foreign Investors Buying Up Tampa Bay Real Estate

Tampa Gay Real EstateForeign 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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