Mideast investors ‘snapping up’ South Florida properties

Mideast investors ‘snapping up’ South Florida properties

Middle East investors are one of the most active buyers in the global real estate market and continue to target core assets in safe-haven locations in the US such as South Florida, said a top real estate industry expert.The recent decline in oil price only strengthened the case for investors to diversify their income streams, both in terms of asset and geographical diversification, and long-term panorama, remarked Roxanne Kosberg, owner and CEO of US-based Cityfirst Realty.A licensed high-end real estate company based in Florida, Cityfirst Realty specialises in assisting mostly foreign nationals, as well as some of the world's richest and most accomplished business men and celebrities purchase or sell multi-million dollar properties."For Middle Eastern commercial real estate funds and investment firms, the US market is still the most desirable