Orlando Area Real Estate News

Archive for June 4th, 2008

The Orlando Real Estate market is very lucrative for International buyers.  The devalued dollar gives foreigners more for their money than their own native lands.  This means luxury homes are on the top of their list.  A report based on a survey of 986 respondents who closed 1,844 home sales transactions to non-U.S. residents from May 2004 to May 2005 stated that 22% of homes purchased by foreigners is over $500,000.  The Euro for instance, is worth twice as much as the US Dollar.   How does this bode for Orlando?

Traditionally, foreign buyers have favored South Florida, particularly Miami, Ft. Lauderdale and Naples.  The tide has turned to Orlando due to more affordable home prices.  

What does this mean for Sellers?

When sellers are looking to market their properties they should consider Real Estate Agents that work with international buyers and advertise to international markets.  The doors would be open to millions of additional buyers.