Yet another ranking of the best markets for US property investment places Florida in a privileged position. The Sunshine State takes four of the top five positions and a total of six in the best ten making Florida one of the hottest places to invest in the US this year.
Forecasting what is in store for the Florida property market in 2017 was one of the topics at the recent Florida Realtors Mid-Winter Business Meetings. Based on the findings at the meet-up, this news article lists the highlights and trends expected over the next year.
The future looks very bright for Southwest Florida property this year. The economy in this corner of the Sunshine State is enjoying a boom and as a result, the property market is also seeing a surge in sales and prices.
Latest statistics reveal that Florida property prices went up yet again in October. This latest monthly rise is the 59th in a row showing the market continues to forge a full recovery.
The end of the year means investment prediction time. The latest Emerging Trends in Real Estate forecasts which US property markets are the ones to watch in 2017. Unsurprisingly after an excellent 2016, Florida property is one to keep a keen eye on.
That Florida property represents great value this year is no secret but according to a recent survey, it actually couldn’t get any better.
Figures released for US property prices in August point to another rise and bring the market close to its peak reached in July 2006. Prices went up across the board with some markets showing considerably higher increases.
While the US as a whole has failed to fulfil expectations this year, the Florida economy has surged ahead both in economic growth and job creation. Analysts believe this tendency is set to continue throughout 2017, an opinion reflected in the very positive potential seen by local businesses in Florida.
One of the defining characteristics of the current Florida property market is the shortfall in inventory levels. Despite an uptick in construction activity this year, demand continues to outstrip supply of new-build properties in Florida with a particularly high deficit in the Southwest.