According to a new report, Florida’s popularity with foreign buyers continues. Not only do these purchases bring multiple benefits to the Florida community, they also represent an important part of the local economy. Furthermore, experts believe that 60,000 more homes will be bought by foreigners between now and 2016.
Florida has long been a favourite with investors in US property who are consistently drawn to the state’s year-round pleasant climate, stunning coastline and affordable prices. Recent research consolidates Florida’s position as one of the best places in the US to buy beach property.
Recently-released figures show that the Florida property market has got off to an excellent start this spring. The combination of higher average prices and more new listings in April confirm the upward trend in the housing market.
The Sunshine State lived up to its name during the first quarter of this year and more than reaped the rewards in terms of tourism. Florida’s warm and sunny weather from January to March drew record numbers of visitors to the state, which is well on track to achieving its aim of attracting over 100 million tourists by December.
The state of Florida is leading the way for the US employment market in 2014. Recent figures show that job creation in this part of the country is the highest in the nation. They also reflect the current positive state of the economy in Florida.
The news that Sarasota has no less than 24 construction projects in the pipeline confirms that the Florida housing market is once again surging ahead. It’s nearly ten years since Sarasota experienced construction potential on this scale and the news was warmly received by the city’s business community.
The U.S job market looks set to swing into action in 2014. Forecasts for Florida in particular show a positive trend in 2014, with estimates of adding around 176,000 new jobs to the state’s economy, with a particular concentration in the construction sector. Such job creation should help stimulate Florida’s economy through increased wages and confidence in the local market.
Florida breathed a sigh of relief in early March when the U.S House of Representatives passed a bill allowing sellers to pass their below market insurance rates on to new buyers. This development has relieved the real estate market in Florida
Investors are having a ball in Florida at the moment as property sales and prices continue to skyrocket. Real estate values in Florida are rising faster than the national average, attracting investors and buyers from all over the USA and abroad.