Foreigners Buying Up Forclosures At Unprecedented Rate

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Foreigners Buying Up Forclosures At Unprecedented Rate

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10-04-2010, 06:12 PM

Ayatollahgondola Ayatollahgondola is offline

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Join Date: Oct 2009

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Foreigners Buying Up Forclosures At Unprecedented Rate

http://www.sacbee.com/2010/10/04/307...portunity.html

Quote:

"I have never seen such a high concentration of foreign nationals acquiring real estate," says Peter Zalewski, who has been in real estate for 15 years and founded Condo Vultures, a consulting and brokerage firm. "Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented."

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