A recent report into the US property market faces 3 Florida metro areas in the top five hottest spots for property investment. Orlando, Fort Lauderdale and Palm Beach County dominate the listings compiled for this autumn. Other Florida metros such as Miami, Tampa and Jacksonville also rank in the top 20.
Yet again Florida ranks as the top state for international buyers. One of four foreigners buying US property chose the Sunshine State. Apartments were the preferred type of Florida property for the international investor.
Latest figures for Florida property show a market that is continuing to forge ahead. The month of August saw more sales, higher median prices for both single family homes and townhouse/condo properties in Florida and a drop in supply at the lower end of the market.
Increasing mortgage rates and growing employment opportunities are fuelling the US property market where prices surged practically across the country in Q2 this year. Demand at levels not seen since before the economic crisis has pushed supply levels down to just over 5 months, putting further pressure on the already high demand market for US rental properties.
Tampa Bay property turns out to be one of the best deals in the US when it comes to beachfront homes. The coastal location of Port Richey offers the cheapest waterfront property in the entire country, but this may not last for long because sales and prices of single family homes rose significantly in June.
June figures for property in Florida show more sales, higher prices and lower supply as the Sunshine State continues to attract new residents. The market for single family homes in Florida is particularly buoyant with two-digit price rises and booming sales.
Average rental yields on US property showed mixed results during the first five months of this year. Some counties registered year-on-year rises, whilst in others there were slight decreases as the housing market stabilised. However, overall, buy-to-let property in the US continues to be “a brilliant strategy”.
The US remains attractive to worldwide investors who spent more than ever on property there last year. Florida property continues to appeal to most foreign buyers who show an overwhelming preference for single family homes in suburban areas.
May figures for property in Florida show a market with rising indices. Sales and median prices have both increased in what experts are describing as a robust market. The only decreases can be found in inventory levels, now declining across the board, a situation that is expected to herald further rapid price rises.
Florida continues to dominate US foreclosure listings, topping the rankings for both activity and number of properties. However, improved conditions in the Florida property market are starting to make their mark on foreclosures where properties are no longer well below market price or as plentiful.
The Florida property market continued to show solid and sustainable growth in March, a month that notched up the state’s 40th consecutive rise in median houses prices. Closed sales also boomed while inventory levels dropped nearly 10 per cent.
Property in Jacksonville in Florida has been ranked by JWD Group as the best in the US for investment this year. The city’s combination of advantageous price-to-rent ratios, a strong economy and good potential for property appreciation takes it to the top of the list for best investments.
A recent survey ranks several locations in Florida as the best in the US for property investment. The reports highlights property in Jacksonville, Orlando and Tampa as especially attractive for the passive investor, particularly those building a rental property portfolio.
A favourite with relocators, retirees and holiday makers, property in Florida continues to offer some of the best rental returns in the US. Latest data from RealtyTrac pinpoints several locations in Florida as top for rental returns, safe havens for rental investment and perfect for the baby boomer market.
Latest statistics for the Florida property market during 2014 show sustainable levels of sales and steady rises in prices. Analysts claim the figures prove the sector has reached stability and point to further steady growth in 2014.
Property in Florida still has plenty of ground to cover before statistics catch up with the pre-2007 figures. However, the market in some parts of the Sunshine State are clearly showing signs of strong recovery. One of these areas is Pasco County, home to New Port Richey, where some analysts are pinpointing a boom.
