Foreign Investors Eye U.S. Real Estate Market

With the slowdown in the U.S. housing market, the strength of the Canadian dollar, the euro and other foreign currencies is making the United States a promising investment for foreigners looking to buy property, according to news reports.

In South Florida, real estate practitioners say that buyers are especially coming from continental Europe, Scandinavia and Canada. Miami Beach's famous South Beach district is luring Italians, French, and German buyers, while many Russian buyers are flocking to Sunny Isles Beach to the north. And Venezuelan buyers are looking for housing deals in Doral, to the west.

Source: REALTOR® Magazine Online