Sipping Tea While Watching the Dolphins at Play
Cheers and Good News from our London Office today as Nick Churton and Annette Reeve of Mayfair International Realty spoke to us in Sarasota. One third of all Florida sales are purchased by foreign nationals. -Canada leads this group and The U.K. is in the coveted second position.
“Central London is on fire” says Churton. London has become the melting pot for International Wealth. The Europeans, Middle Easterners, Asians and Russians are all investing in London and prices are rising. A London flat near Harrods was just sold for 100 million pounds ($160 million).
Along with our Christie’s International Real Estate affiliation, Mayfair is spreading the word on Sarasota. Last year alone, our Sarasota properties were featured in the Financial Times and Country Life magazine.
While the bubble has burst for some of their European beach communities, our white sandy beaches are gaining more and more favor. In April of this year, the highest priced residential sale in the area was to a lovely British couple who paid $12.5 million for a gorgeous beachfront home on Longboat Key. It sounds to us that luxury real estate in Sarasota is a bargain!
With deep, strong roots throughout the United Kingdom, we feel fortunate to be affiliated with Mayfair’s extensive network of real estate agents. For more information on the International market in Southwest Florida, please contact Marcia Salkin (941) 376-6121 or Paulene Soublis (941) 356-0203.