Forecasting what is in store for the Florida property market in 2017 was one of the topics at the recent Florida Realtors Mid-Winter Business Meetings. Based on the findings at the meet-up, this news article lists the highlights and trends expected over the next year.
2017 will see more investment in Pecem Port as this key industrial area in Northeast Brazil continues to register record figures.
The annual AFIRE survey reveals that yet again property investment in the US ticks all the right boxes for foreign investors. The survey also finds that the US and Brazil continue to offer the best opportunities for capital appreciation while Brexit has affected property investment in the UK and London.
2016 looks set to go down as the best year since the crisis for the Florida property market. Prices continued to rise all round, sellers received more of their asking price and sales remained buoyant. Florida outpaced the US on all accounts with some metropolitan areas in the Sunshine State posting considerably higher figures.
The Brazilian property market faces 2017 with optimism. Based on the tandem of falling interest rates and rising investor confidence, many analysts are pointing to this year as the best time to buy Brazilian real estate.
The future looks very bright for Southwest Florida property this year. The economy in this corner of the Sunshine State is enjoying a boom and as a result, the property market is also seeing a surge in sales and prices.
Yet again, Florida dominates the Forbes list of the best property investment in 2017 with at least 26% house price growth expected by 2020.
As predicted, the celebration of the Olympic Games last year brought its rewards – 2016 was the best year for Brazilian tourism ever. Not only did international visitor figures soar, earnings from tourism also experienced an important increase. In addition, the current high season promises to beat last year’s record.
The Brazilian government has just introduced an economic stimulus package, designed principally to build more properties in Brazil, particularly for the middle classes. Additional measures in the package bring welcome changes to financing in Brazil and are expected to both relieve household debt and stimulate spending.
Figures for new construction in the US surged in October to their highest level since 2007. However, despite the hike in housing starts, high demand for property continues. This in tandem with very low inventory levels means the US housing shortage looks likely to continue for at least another four years.
A study of the profile of US property buyers in 2016 revealed an increase in first-time purchases and an overwhelming preference for single family homes. It also showed a market still much in favour of the seller.
The property market in Ceará in Northeast Brazil has always followed a slightly different track to the rest of Brazil. Property in Fortaleza, the capital, grew faster than the majority of Brazilian cities prior to 2016 and this year, property prices have continued to grow.
Brazilian tourism is enjoying one of its best years ever. After the successful Olympic Games in the summer, the country is experiencing a boom in visitor figures and spending. Government investment in infrastructure is paying off and everything points to an excellent 2016 for the sector.
Latest statistics reveal that Florida property prices went up yet again in October. This latest monthly rise is the 59th in a row showing the market continues to forge a full recovery.
Foreign investment in Ceará continues to pour in this year. The latest multinational drawn to the region by its strategic location is a Chinese-backed electrical company. This is the first of several planned investments and brings welcome capital and employment opportunities to the state.
The end of the year means investment prediction time. The latest Emerging Trends in Real Estate forecasts which US property markets are the ones to watch in 2017. Unsurprisingly after an excellent 2016, Florida property is one to keep a keen eye on.
