The economies in Florida and in other country
are growing and producing the necessary income for the purchase of a primary
home or a second home in one of the most desirable vacation areas: Florida.
The spot is not only interesting for
locals but also for foreign buyers. There preferred buying area are the
vacation spots Sarasota, Naples and Miami.
The huge property inventory during the
buyer’s market is gone and now we have a seller’s market again. That means that
the inventory is low and many buyers are competing for one home and may have to
pay more as they expect for their dream home.
Even in this condition, the real estate
market in Florida is still very attractive for the homebuyers in comparison to
other countries. In Florida, a buyer can get a home for three times of the
median income, a Chinese person has to invest 35 times his median income and a
Brazilian has still 20 times the median income to pay for a home.
Every seriously interested buyer needs to
get ready for the dream home in Florida. The market conditions are on the flow
and each month the dream home will cost more money. The home prices are forecasted
to increase by 5 % to 7 % in the next 12 months.
Therefore hurry up or your best chances
will be gone!
