'Foreign buyers are back and hungry'

From Curbed.com blog

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

NEW YORK — Corcoran broker Patricia Cliff tells the Raising the Roof blog that foreign buyers are back and hungry — with Europeans making up 40 percent of her buyers over the past six months: "The bulk of the buyers have been Italians, Spaniards, Scandinavians, and ‘inhabitants of London, who are typically not English, but rather from the Middle East, and Far East,’ she says.

"The typical overseas buyer these days is looking for a ‘place to park money’ and, unlike in the past, they are ‘not interested in new development condos,’ she said."