Why are Canadians Buying Bonita Springs Real Estate?

National Association of Realtors has released statistics in a study that show that about one in five American real estate agents sold a second home in the year 2007 to a foreign buyer. Interest is up primarily due to

• The weak dollar giving foreigners more buying leverage.
• American home prices are low compared to many other countries.
• Excessive inventory in select locations creates choice and negotiating leverage.

Buyers are coming from all over the world, but by country, a large proportion of buyers are coming from the United Kingdom (12%) and Canada (11%). Why does this matter to Bonita Springs or Estero, Florida home owners and home sellers?

The study showed that:

• 47% of foreign buyers were looking for a warm place to vacation.
• 22% were looking for an investment.

Continue reading: Welcome to Bonita Springs, Canada