Region in Top 10 for International Home Buyers
Posted: March 28th, 2012 | Author: Chris Jaensch | Filed under: Investor Visas, Sarasota Immigrants | Tags: Florida, Foreign Home Buyers, Immigration, Latin America, Michael Saunders, Real Estate, Sarasota Florida, Sarasota Herald-Tribune | 1 Comment »The “Sarasota Herald-Tribune” has reported that Sarasota county is No. 4 in the country for foreign home-buyers. In fact, five of the top ten regions for foreign home buyers are in Florida. They include, “Lakeland-Winter Haven, Cape Coral-Fort Myers, Orlando and Miami-Fort Lauderdale. Tampa-St. Petersburg came in at No. 9.” In Sarasota County 6.5% of homes are bought by someone from overseas.
Here are some figures:
6.7 percent of buyers were foreign in Sarasota County from May 2011 to January 2012, while 6.1 percent were from another country in Manatee County.
13.1 percent of new homes sold in Sarasota were to foreign buyers while 12.3 percent of existing condominium sales in Manatee changed hands to international buyers.
Most intriguing is this:
The percentage of buyers who pay in cash is even higher than domestic buyers, who in 65 percent of transactions handled by Michael Saunders made their purchase without a loan in 2011, she said.
Most of these foreign buyers come from Canada, with the UK coming in second. The county is seeing a small increase in the number of home buyers from Asia and Latin America.
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Written by Chris Jaensch
Attorney P. Christopher Jaensch received a Bachelor of Arts degree in History in 1992 and a Juris Doctor degree in 1995 from the University of Florida. While at UF, he was a member of Sigma Chi Fraternity, Phi Beta Kappa Society and Florida Blue Key, the oldest and most prestigious leadership honorary in the state of Florida.
Mr. Jaensch is a member of the Florida Bar, the American Immigration Lawyers Association (AILA) and the Sarasota Bar Association. He has served as President of the Sarasota-Manatee International Trade Club and served as Regional Vice Chair, Tampa Bay, for the Central Florida Chapter of AILA. He was a member of City of Sarasota Charter Review Committee and has been active in several local organizations, including the influential Laurel Park Neighborhood Association in downtown Sarasota.
Mr. Jaensch has over 18 years of experience in the field of immigration and nationality law and focuses his practice on four primary categories (a) investors and entrepreneurs, (b) business executives, managers and professionals, (c) amateur and professional athletes and coaches and (d) performing artists and immigrants with extraordinary ability.
Reblogged this on accuratecredit and commented:
You know I actually liked this article quit a bit. I am always interested in reading about the different area’s that are offering great buys, a good economy, and a foreign influx. Thanks for the article.