Cape coral real estate brings in foreign investors

Cape Coral homes sales are on the rise, but it's who's doing the buying that has realtors talking.

Cape Coral is the third most popular city in the nation for foreign investors, according to a new survey conducted by real estate website Trulia.com.

Realtor Marc Joseph says 30 to 40% of his buyers aren't from Southwest Florida or even the U.S.

"Started out with Canadians, a little bit of Europeans, and over the last 3 to 4 weeks, a tremendous amount of Australians have come to our market," Joseph said Monday.

Source: WinkNews.com