The recent collapse of the U.S. real estate market may have many Americans wary about purchasing a home, but the U.S. foreclosure crisis, and how it affected the economy, is nothing compared to what Argentines have been facing in their own country. The economic and political uncertainty of their home country has led many to look to real estate in America's top cities as the place to keep their money and get a decent return on their investment. Investors from Argentina are far from the first foreign buyers to seek Miami luxury real estate. The National Association of Realtors estimates international buyers will spend $92.2 billion on U.S. homes in 2014. That is up from $66.4 billion in 2011. Foreign buyers went on to spend $82.5 billion in 2012. The number dropped to $68.2 billion in 2013. The trend is based more on foreign economies than on what the U.S. housing market is doing. The appreciation of the British pound and Chinese yuan made properties in the United States affordable to more people from these countries. The rising number of affluent buyers from China, Canada, India, United Kingdom, and Mexico is also contributing to the rising number.
The two mile stretch of white sand beach in Sunny Isles is among the best in world. Combine this with convenient access to Miami International and Fort Lauderdale/ Hollywood International airports, top of the line luxury resorts, Samson Oceanfront Park, an abundance of dining and entertainment options, and you can see why more than one million people choose Sunny Isles, Florida as a vacation destination each year. It was named #1 in TripAdvisors's TravelCast Top Ten U.S. Destinations.
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