Sarasota Real Estate Real Estate Blog

Foreign Property Investment Continues To Climb in Sarasota

Real Estate Boom

The words “boom” and “real estate market” have not been seen together in Florida in close to five years. After a deep market crash in 2007 the “boom” officially ended and many in the business had taken to retiring the phrase all together, but something interesting is happening in Sarasota, FL and surrounding areas that have Realtors scratching their heads, but not in a bad way this time.

In the last three years the number of foreign Sarasota real estate property buyers has skyrocketed. Florida has long depended on its tourism trade to bring in substantial income from foreign entities, but now it appears that real estate is an arena that is really bolstering the state of Florida and specifically the counties of Sarasota and Manatee.