Holiday homes have become the preferred category of US property investment according to a recent survey. Vacation homes sales have increased to the point of overtaking investment purchases. Despite the change in tendency, both investor types are unanimous that now is the time to buy property in the US.
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.
Just 12 per cent of the US population live in apartments, but recent research on this market shows that its impact on the economy is far more wide-reaching than envisaged. The pressure on supply from strong demand also makes apartments one of the most attractive US property options, particularly as buy-to-let investments.
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.
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.
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.
Luxury residential property remains a favourite asset with investors who have shifted their attention to North America over the last year. Four American cities rank among the highest performers, all recording double-digit growth, confirming the continent’s strong appeal as an investment destination.
