Florida is one of the world’s favourite destinations not only for travelling but also for investing in property. Here is an overview of the real estate market and economy in the state in Quarter 3 of 2019.
Positive Numbers in Quarter 3:
The Florida Realtors’ latest report shows new positive figures. They stated:“more closed sales, higher median prices, more pending sales and rising pending inventory” during the third quarter of 2019. Also, during those three months, more than 78,750 single-family homes were sold across Florida. This figure shows an increase of 8.1 percent from the same quarter of 2018.
“Median sales prices for both existing single-family homes and for condo-townhouse properties rose in Florida during the third quarter – continuing the ongoing trend,” stated Florida Realtors President Eric Sain, a realtor and district sales manager in Palm Beach.
Job Growth and Economy Improvement:
“Florida’s business-friendly outlook continues to attract investment and growth, as well as new residents, which provide a strong foundation for the state’s housing market,” Sain added. “The latest report from the state’s economists show that Florida’s annual private-sector job growth rate of 2.8 percent continues to outpace the national job growth rate of 1.6 percent. In fact, job growth, an unemployment rate of 3.2 percent in September and a growing population continue to keep Florida’s economy strong.”
As a result during the third quarter of 2019, new pending sales for existing single-family homes in Florida rose by 4.4 percent while pending inventory was up 1.7 percent.
Florida Turnkey Investment
Turnkey, buy-to-let properties that earn you rental income from day one of your investment. With tenants already in place and a professional property management team looking after your asset and interests, this is truly the ultimate arm-chair investment. Also, there is an exceptional two-year rental guarantee offered on most units.
- Properties from US$102,000.
- Rental yields between 5-9% p.a.
- Rental guarantees on most units.
- Tenants in place paying rent.
- Full property management.
- Management fees paid for two years.
- One-year appliance guarantee.
- 100% Freehold title.
(Source: Florida Daily)