Why South Florida Properties Keep Attracting Mideast Investors

Why South Florida Properties Keep Attracting Mideast Investors

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 investment destination for foreign real estate properties, stated Kosberg.

 

"In 2019, South Florida recorded an all-time high of 71% sales achievement from Foreign Buyers in which 11% came from the Middle East region.“ she added.

 

There is a significant number