Financial instability and political uncertainty in their home countries have led many foreigners to regard the US property market as a safe haven for their investment. The amount invested in properties in the US between April last year and March this year is the second highest since 2009 with big interest from Chinese and British buyers.
The market for Florida property is already hot, but a recent report reveals that the influx in the region of buyers from the baby boomer generation looks likely to rise the temperature even higher. This latest BRIC Group article explains why.
The market for Southwest Florida property is registering record performance. The highest number of new-build starts and completions since 2006, alongside the significant percentage of cash sales and strong increases in median house prices make Southwest Florida one of the current hot spot areas in the state.
Orlando and Tampa property counted among the top ten best investment opportunities in the US in the first quarter of this year. The two Florida cities ranked in fourth and ninth places on the back of high population growth and strong employment creation, as this latest BRIC Group news article explains.
Florida property entered its 51st consecutive month of price rises in February with increases in the price tags for both single family homes and townhouse-condo properties across the state. Sales prices are also gradually reaching a par with asking prices, proving that the market remains very much in the hands of sellers. This BRIC Group news piece provides the details.
Florida property dominates the 20 best places to invest this year according to the Forbes 2016 Best Buy Cities. The economic recovery, strong population and job growth, and prices still below value all bring Florida to the top of the 2016 US property investment list. Here, BRIC Group details why Forbes believes the Sunshine State represents excellent investment value and where the Florida property hotspots are.
Southwest Florida is experiencing a boom on all fronts – thousands of jobs are being created, tourists are flocking to the area and property prices are seeing double-digit rises. Analysts point to an excellent 2016 for this part of Florida, as this latest BRIC Group news article explains.
2016 looks set to be a key year for Tampa property after a big increase in interest from both American and foreign buyers. Reasons behind Tampa’s rising popularity include more direct flights, better prices for property and the area’s high standard of living. This latest news article from BRIC Group explains why the spotlight is currently shining on property in Tampa.
A recent opinion poll finds that Florida is the state most Americans would like to live in. The Sunshine State tops the survey across almost all generations and two Florida cities also make the nation’s top 10 preferred cities.
As well as its year-round sunshine, theme parks and long beaches, Florida is famous for its favourable business climate. In this year’s ranking, the Sunshine State rises from fifth to fourth position to become one of the top five best proving that the Florida Business Climate stands out among the rest.
The Florida property market continued its path to full recovery during the third quarter of this year. Sales and median prices rose across the board while inventory listings and supply fell, indicating the new property reality – Florida is moving towards a seller’s market.
A recent report into the US property market faces 3 Florida metro areas in the top five hottest spots for property investment. Orlando, Fort Lauderdale and Palm Beach County dominate the listings compiled for this autumn. Other Florida metros such as Miami, Tampa and Jacksonville also rank in the top 20.
Latest figures for Florida property show a market that is continuing to forge ahead. The month of August saw more sales, higher median prices for both single family homes and townhouse/condo properties in Florida and a drop in supply at the lower end of the market.
Tampa Bay property turns out to be one of the best deals in the US when it comes to beachfront homes. The coastal location of Port Richey offers the cheapest waterfront property in the entire country, but this may not last for long because sales and prices of single family homes rose significantly in June.
June figures for property in Florida show more sales, higher prices and lower supply as the Sunshine State continues to attract new residents. The market for single family homes in Florida is particularly buoyant with two-digit price rises and booming sales.
Average rental yields on US property showed mixed results during the first five months of this year. Some counties registered year-on-year rises, whilst in others there were slight decreases as the housing market stabilised. However, overall, buy-to-let property in the US continues to be “a brilliant strategy”.