International property investors are increasingly interested in buying real estate in Florida with foreclosed apartments at the top of their list.
Although local buyers are entering the market again it is foreign investors who want a holiday home or to invest in the long term that are pushing the market forward, according to a report from Gerson Lehman Group.
International buyers regard the Florida market as ‘desirable, profitable and secure,’ the report says.Analysts say that south Florida’s depressed real estate market is still about six months from rock bottom, but as bargain hunters are out in force prices could start rising again. Source: nuwireinvestor.com
With the influx of international investors and interest in Naples as well as Florida, could this situation start to push prices upward? Are the investors plucking up the “deals” before the local residents have a chance at them. For local buyers, it may be the motiviation needed to be able to jump off the fence and invest in the home.
View Naples Luxury Real Estate for Sale Now
Contact Us to receive the monthly Naples Real Estate eNewsletter
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment