May 12, 2010 7:10 AM

International buyers spark Miami condo boom

International buyers are quickly converting their currency into real estate in South Florida, snatching up property at floor-sweeping prices. Add low interest rates and a deadline for federal tax credits, and overall sales of single-family homes and condominiums in South Florida soared during the first three months of 2010, according to quarterly figures released Tuesday by Florida Realtors.

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