Recently Pfeifer Realty Group has experienced an increase in the number of calls and emails from foreign investors interested in Sanibel, Captiva, Cape Coral and Fort Myers real estate. The majority have come from investors and second-home buyers in Canada and the United Kingdom. The dramatic drop in property values from their peak 4 years ago combined with a falling dollar have created a "once in a lifetime" opportunity for foreign investors to own a property in paradise.

On November 22nd, 2009 MSNBC reported the following: Falling prices for real estate and the declining value of the dollar are luring investors from all over the world to purchase properties for as little as half what they might have paid four years ago.

"This could be a once-in-a-generation opportunity for real estate investment," says Arthur Wong, whose Calgary, Alberta-based U.S. Real Estate Fund has invested $5 million in properties in the U.S. Southwest and plans to buy millions more.

Buyers from countries like Brazil, Canada, France, and the Netherlands, whose currencies are particularly strong against the dollar, are spending millions on luxury condos in New York City, Las Vegas, and Miami. Foreign buyers also find the warm climates of California, Texas, and Arizona attractive.


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