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Alameda, CA (PRWEB) March 27, 2012
Inman News? The annual report just published their special: 10 Global Hot Spot for Homebuyers. Exclusive report examined housing, economic and demographic data for hundreds of metropolitan areas nationwide. This list represents the 10 hottest international markets for house-hunters.
Most
market recognized as a tourist destination. Six of the 10 markets in Florida, three in the West, and one in New York.
Most of the 10 markets have been hit hard by foreclosures and price declines that accompany them, making them full of investment opportunities of leasing.
10 markets are in order: Lakeland-Winter Haven, Florida: Cape Coral-Ft. Myers, Florida, Sanford-Orlando-Kissimmee, Florida, North Point-Sarasota-Bradenton, Florida, Miami-Fort Lauderdale-Miami, Fla., Phoenix-Mesa, Glendale, Arizona, New York County, NY (Manhattan), Honolulu, HI , Tampa-St. Petersburg-Clearwater, Florida, and Las Vegas-Paradise, Nevada
report highlights the economic factors that encourage private and foreign buyers for the purchase, the type of property you like, country of origin, how to find real estate professionals who work with them, because the markets selected their interest, and demographic characteristics and other relevant housing for the market, including stock of foreign-born population and tracking distressed properties, house-price trends and vacancy rates.
Among the conclusions of this report, researched and written by Inman News reporter Andrea V. Brambila:
Population level
the market range from about 600,000 in the Lakeland-Winter Haven, Florida, to nearly 5.6 million Miami-Fort Lauderdale-Miami, Florida
Seven of the 10 markets
foreign-born population is above the national rate of 13.1 percent in 2010. Miami Metro has the highest percentage of foreign origin, to 39.2 percent.
six of the 10 markets, local residents were born abroad and moved abroad was the highest compared to the average population as a whole is moving in the previous report in 2010. County of New York (Manhattan) has the highest share: 7.7 per cent of people who moved in the same area were both born in a foreign country and abroad
.
seven of the 10 markets, average sales price of a house, a family is below the national average of $ 163,500 in the fourth quarter of 2011. In eight of the 10 markets, average sales price for condominiums is lower than the national average of $ 160,800 for the quarter.
Condo prices fell
yoy in the fourth quarter in seven of the 10 markets. The seven have seen their prices fall more than the national rate of -1.7 percent.
Seven of the 10 markets have a higher share of sales in trouble in the fourth quarter of 2011 compared to the national rate of 23.7 percent. Eight of the 10 markets had the highest levels of foreclosure activity in the fourth quarter of 2011 compared to the national level.
Nine of the 10 markets, except Honolulu, has a vacancy rate higher in 2010 than the national rate of 13.1 percent. Cape Coral-Fort Myers, Florida, has the highest rate, at 37 percent.
To view the full report along with details of the methodology, please visit: http://www.inman.com/reports/global-buyers. Free PDF copies of this report is available on the website. Members of the media interested in more information please contact press (at) Inman (dot) com.
About
Inman News
Inman News is the leading source of real independence, real news, information, consultancy, research, tech opinion, and commentary for professionals and consumers. Inmans award-winning, unbiased and hard hitting story is known throughout the real estate sector. Agents and brokers globally trust Inman News as their first source of real news is accurate, innovative and real-time every day. For more information, visit http://www.inman.com.
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