Investors buying lots in North Port again [South Florida]

Investors buying lots in North Port again [South Florida]

Building lots are beginning to sell again, and some are being bought and resold for quick profits by investors from foreign lands.

Take Land Investors Corp., for example.

This Swiss company, based in Geneva, has purchased 39 lots in North Port for an average of $3,400 per lot since July and resold all but 10 to French investors for nearly $11,000 per lot.

European investors, with their powerful currencies — although the euro has taken a beating recently — obviously see value where countless investors were burned during the boom.