Traditionally, the spring season is the busiest for property in Florida, but would this year’s stay-at-home recommendations in April change things? Two studies for early spring show they haven’t and online searches for homes have soared. Among the most sought-after areas in the US were several Florida metros with enquiries for Jacksonville the third highest in the country.
They say there’s nothing like a crisis to make people rethink their lives and the Covid-19 pandemic has done just that. For thousands of people, being shut at home has led to dreams of warmer, sunnier climates and a better lifestyle. Just like the one Floridians enjoy in the Sunshine State. As a result, property enquiries are on the rise and the Florida population looks set to surge.
New figures show an increase on property value. In fact, home values have increased by 4.64% from 2018 in the same period. The forecast for home values in the US shows and increase of 2.2% over the next year. However Florida’s forecast is even more positive showing an increase of 4.09% over the next year.
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