UF survey: Florida’s real estate outlook perks up
Optimism has increased slowly but steadily in Florida real
estate markets through the fourth quarter of 2010, a new
University of Florida survey finds.
The fourth quarter Survey of Emerging Market Conditions found
improvement in several key categories, including the outlook for sales
in new single-family homes and condominiums, office occupancy, retail
occupancy, land investment and capital availability.
Survey respondents’ expectations for occupancy and rent increased across
every property type. The investment outlook rose in a majority of the
property types, and the statewide outlook was the highest since the
survey’s inception in 2006. Additionally, private capital is abundant as
investors seek the few good products on the market.
Overall, the
market appears to be improving and will continue to improve at a slow
pace over the next year.
Posted: 2 February 2011
Source: Florida Realtors
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