The US remains attractive to worldwide investors who spent more than ever on property there last year. Florida property continues to appeal to most foreign buyers who show an overwhelming preference for single family homes in suburban areas.
May figures for property in Florida show a market with rising indices. Sales and median prices have both increased in what experts are describing as a robust market. The only decreases can be found in inventory levels, now declining across the board, a situation that is expected to herald further rapid price rises.
The Florida property market continued to show solid and sustainable growth in March, a month that notched up the state’s 40th consecutive rise in median houses prices. Closed sales also boomed while inventory levels dropped nearly 10 per cent.
Property in Jacksonville in Florida has been ranked by JWD Group as the best in the US for investment this year. The city’s combination of advantageous price-to-rent ratios, a strong economy and good potential for property appreciation takes it to the top of the list for best investments.
A recent survey ranks several locations in Florida as the best in the US for property investment. The reports highlights property in Jacksonville, Orlando and Tampa as especially attractive for the passive investor, particularly those building a rental property portfolio.
Florida has always appealed as a place to live. Its year-round sunshine, stunning beaches and endless tourist attractions are legend. In addition, plentiful job opportunities and a stable, affordable property market make Florida one of the most sought-after relocation destinations in the world.
A recent survey among retirees and pre-retirees in the US finds that the baby boomer generation is a force to be reckoned with. It also pinpoints Florida as a preferred retirement destination. These conclusions underline the investment potential in properties in Florida catering for this sector of the population.
Recent census data reveals that the US property market is increasingly dominated by renters rather than homebuyers. Homeownership levels are at their lowest for 20 years with particularly high drops in Florida. The data has prompted some analysts to predict that the future of the US real estate market could well lie in rental properties.
A favourite with relocators, retirees and holiday makers, property in Florida continues to offer some of the best rental returns in the US. Latest data from RealtyTrac pinpoints several locations in Florida as top for rental returns, safe havens for rental investment and perfect for the baby boomer market.
Latest statistics for the Florida property market during 2014 show sustainable levels of sales and steady rises in prices. Analysts claim the figures prove the sector has reached stability and point to further steady growth in 2014.
Property in Florida still has plenty of ground to cover before statistics catch up with the pre-2007 figures. However, the market in some parts of the Sunshine State are clearly showing signs of strong recovery. One of these areas is Pasco County, home to New Port Richey, where some analysts are pinpointing a boom.
The two states of Texas and Florida dominate the Forbes Where to invest in 2015 list with Houston and Orlando property featuring in the top five. The two cities stand out for their high population growth, strong job creation and undervalued property prices. As a result, Houston and Orlando are “safe bets to invest”, for both first-time buyers and buy-to-let investors.
The Orlando property market continues full-steam ahead with single family homes and foreclosures at the helm in price increases. The surge in activity and prices has prompted property professionals to predict that now is the time to buy.
Not only has Florida left the recession well behind, the Sunshine State can look forward to strong economic growth and job creation at least until 2017. These excellent forecasts are also good news for the Florida property market, predicted to keep pace with the growing economy.
November foreclosure statistics return Florida to the country’s number one position, although year-on-year activity has dropped markedly. Mortgage default figures also point to a decrease in a market where obtaining a mortgage for property in Florida remains a challenge.
September figures for property in Florida show a steadily-growing market with some of the best all-round investment potential in the US, both for rental returns and capital growth. Stability and consistent growth now characterise the Florida property market, two qualities that feature on any investment potential lists.
