Foreign property investors starting to boost Florida property market
Foreign investors looking at Florida real estate International property
investors are increasingly interested in buying real estate in Florida.
Although local buyers are entering the market again it is foreign investors
who want a holiday home or to invest in the long term that are pushing the
market forward, according to a report from Gerson Lehman Group.
International buyers regard the Florida market as 'desirable,
profitable and secure,' the report says.
It is buyers from the UK that are most interested, says Howard Liggett,
author of the report. They have always been keen on the sunshine state and
figures from the National Association of Realtors and Florida Association of
Realtors which show that Britons account for 21% of international property
buyers.
Analysts say that south Florida's depressed real estate market is still
about six months from rock bottom, but as bargain hunters are out in force
prices could start rising again.
Posted: 15 June 2009
Source: Property Wire
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