The long-awaited figures for the Florida property market in Q2 2020 show a mixed bag. On the one hand, median prices rose as did pending sales, but on the other, supply plummeted. The lack of available single-family homes leads experts to augur strong bidding wars over the next few months.
Despite unemployment and lower GDP growth, the effects of covid-19 are sustaining the US housing market. Pending sales and house prices are increasing while inventory levels plummet meaning analysts forecast stiff bidding wars between buyers over the rest of the summer.
The pandemic has brought shifts in homeowner preferences for property in Fortaleza and as a result, there's strong pent-up demand, particularly at the high end of the market. This combined with the lowest interest rates on record augurs well for the rest of 2020.
With staycations acting at the mainstay for most tourist industries this year, holiday let properties are at a premium. Discover where the best places are for US vacation rental homes in 2020.
Four months after the start of the pandemic, the US real estate is showing strong recovery. In late July, it surpassed the 100 mark on the realtor.com index, indicating that it had returned to January levels. However, despite booming sales and rising prices, supply remains very low and it is very much a vendor's market.
Global real estate investment dropped by a third in the first half of 2020 on the back of the effects of the pandemic. The tourism, office and retail sectors were the hardest hit while residential saw a lesser impact. Moving forward, the long term prospects look promising for real estate as governments pour major capital into infrastructure.
A recent survey reveals a sharp twist in trends among tenants and a strong potential for buy-to-let in the US. With 23% of renters now claiming they will never buy their own home, buy-to-let investment appeals even more. Find what the new trends are and what their implications for the buy-to-let market as a whole.
As Brazil shifts out of lockdown mode, people are starting to think about holidays again. And with the tourism sector opening up, certain areas within the country offer the best Brazilian staycation. This is the case with Ceará whose climate, tourism infrastructure and prices make it a top choice for Brazilians this year.
US homebuilding saw a record month in June when sales by one of the largest construction companies skyrocketed by 94%. Permits and building work have also increased on the back of strong buyer demand for larger single-family homes in suburban locations.
Ceará investment looks forward to a strong second half of the year on the back of large-scale state and private investment. Sectors set to benefit include property, agribusiness, renewable energy and tourism.
Record buyer interest and surging house prices suggest that the US real estate market has recovered its pre-pandemic levels. And based on the latest figures, analysts are predicting the busiest summer ever, although buyers face a chronic lack of supply.
The Brazil property market has shown resilience during the pandemic with more mortgage loans and sales on a par with those seen in early 2020. Low interest rates and latent demand for housing are the main factors behind the strength of buyer interest.
Florida real estate registered rises in both pending sales and house prices in May, indicating strong pent-up demand with the market. Property prices saw their 101st consecutive month of increases and supply levels dropped to a new low for single-family homes.
Ceará mortgage loans saw an impressive rise in May with an almost 40% increase in the number of units financed. According to analysts, this indicates stability in the market and they expect to see further rises as more Brazilians buyers enter the market.
Despite a quiet few weeks with no viewings, the US property market has recently seen in surge in demand for single-family homes, particularly in suburbia. This plus the shortage of supply has also led to a rise in the number of new-build starts and permits.
