International Buyers Prefer Florida Luxury Waterfront Property

KEY WEST, Fla. - Feb. 28, 2014 - PRLog -- Per Fred Mullins, Top Producing Member of Team Mullins at Coldwell Banker Schmitt, “One of the most active trends in the luxury real estate market is international buyers purchasing property in the United States. Over the past decade, there has been a significant upswing in the number of international buyers getting into the American real estate market. Some are purchasing for investment only, choosing to rent it out or seasonally. Others are purchasing a second home or a vacation property they can lease out to wealthy people when not in the country.

The luxury market is generally considered to include properties for sale in listing prices of $1 million or more. These properties are typically located in highly sought after locations, such as waterfront land. With private beach access and a wonderful view right outside the windows, luxury waterfront property is quite attractive to international consumers who want a piece of the US real estate market.

Why International Buyers Prefer Luxury Waterfront Property

There are several reasons why foreign buyers find luxury waterfront property so attractive. The biggest reasons among the many are the following:

●Prices are affordable. Compared to many parts of the modern, developed world, prices are relatively lower in the United States and that makes luxury real estate a bit more affordable.
●Location, location, location. Of course, one can’t dismiss or even discount the fact that homes on the water are in the highest demand precisely because they are waterfront.
●Modern conveniences. Western styled homes with western styled amenities are a growing in popularity in several countries in Europe and Asia, but not many are available and building can be expensive, the alternative is to purchase in the U.S.
●More home for the money. Luxury properties in the States are larger, combined with affordability, it’s makes for more house for the money.
●Easy to travel to and from. Most luxury waterfront properties are conveniently located to international airports.
●Strong income potential. Renting seasonally is another big factor in purchasing American real estate.
●A great investment. Appreciation is strong in the luxury market, making it all that more attractive.