Top Central Florida developer and agent Feltrim Group is exhibiting at two leading overseas property shows in China and Canada in the next few weeks.
With Chinese buyers spending more than any other nation on United States real estate, Feltrim Group is exhibiting at the Beijing International Property Expo, from 16-19 April on Stand D154-155.
At last year’s show, there were so many investors asking about Feltrim developments that translators had to delay their lunch breaks by several hours each day.
A week later, Feltrim Group Chief Executive Officer Garrett Kenny is not only attending the Property Show at Toronto, but is one of the main speakers and is highlighting the benefits to Canadian buyers of real estate investment in and around Orlando.
The Hyatt Regency Show, on Saturday 25 April, provides property investment advice consumers and investors, including Canada’s many ‘snowbirds’ looking to buy real estate in Florida to escape the freezing northern winters.
Chinese buyers spent $22billion on US homes up to March 2014 – more than any other nation – and Canadians were involved in around one in every five transactions by foreigners, according to National Association of Realtors figures.
Garrett Kenny says, “Chinese investors are the top spenders on US real estate and Canadians are the number one buyers by volume, so they both have a major say in the market and many are cash buyers, with the extra leverage that brings.
“In addition, more Chinese buyers than ever are purchasing real estate in Florida, with volumes rising six-fold over a few years ago.
“Feltrim Group has experienced that first-hand and we are seeing increased interest from Chinese buyers for our Central Florida developments, including Tuscany Preserve and the Fountains at ChampionsGate, which is one of the reasons why we attend the Beijing show.
Although the value of the Canadian dollar has lost ground to the US dollar over the last year, average Florida prices are considerably lower than comparative Canadian real estate values, Mr Kenny points out.
“Compared with real estate prices in many other countries, Florida property is excellent value for money and some Chinese investors have ended up buying several properties at a time from us.”