Article: Foreign Investors May Help Local Real Estate Market

Here's an article in today's Miami Herald about foreign investors buying up commercial real estate in southeast Florida. Whilst the main subject of this blog is of course residential real estate, some of you make be interested in find out about the general levels of investment in Miami and the surrounding cities and areas.

Essentially, and unsurprisingly, the piece points out that investment by domestic (i.e. American) firms in the area is dwindling due to the economic climate in the country. Foreign investors, however - particularly those from Central and South America - aren't being put off by the current poor economic conditions, as they may well have faced unstable economies back home and are used to such difficulties. Moreover, such foreign groups still view Florida as a prime spot to invest in, and often have a longer-term plan than American investors and may be more willing to accept lower rates of return.

One foreign group that definitely aren't investing in Florida at the moment are us Europeans - mainly caused to the fall in value of the Euro against the Dollar.

Article: Foreign investors may help local real estate market (Miami Herald, 2nd February 2009)