Foreign buyers gobbling up Tampa Bay properties

Check out professional insights posted by David Nixon, I save people money when they make international transfers and payments. Foreign buyers gobbling up Tampa Bay. July 27, 2015. 7 likes.

The Sunshine State outpaces all others in home purchases by foreign buyers, and that’s driving up prices, says Jack Ablin, chief investment officer for BMO Private Bank.

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In Tampa. void left by foreign buyers no longer propping up the high-end market may not be filled by domestic buyers rushing to fill it. This gap could spell trouble down the road. In total, about.

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"The health of these high-priced trophy markets will in many ways be tied more to global economic forces driving foreign cash buyers than U.S. economic and real estate fundamentals." Cash buyers down.

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The same survey found that Chinese investments in U.S. real estate amounted to $22 billion in the year ending in March 2014, making up almost a quarter of foreign. for buyers purchasing a second.