Lee County Florida, home to Fort Myers and Cape Coral, was ranked second nationally in the nine-month period ending January 2012 for the percentage of foreign real estate buyers. In this time frame, 8.5% of all real estate transactions in Lee County involved a buyer with a foreign mailing address.
Canadians dominated the foreign buyers accounting for 67.4% of international transactions followed by Germans at 9.1% and Brits at 4%. These international buyer percentages provided by real estate research firm DataQuick closely parallel the demographics of foreign buyers that our team has worked with this year.
New construction opportunities have been very popular with overseas buyers this year including the gated communities of Paseo, San Simeon and Botanica Lakes in Fort Myers and Sandoval in Cape Coral. Foreign buyers have also been very active in waterfront high-rise condo market including High Point Place in Fort Myers, Tarpon Landings in Cape Coral and North Star Yacht Club in North Fort Myers.