US HOUSING MARKET RICH PICKINGS FOR INTERNATIONAL BUYERS!
Now is the time to buy Florida Property!
Homesgofast.com reports that overseas property investors are increasngly looking to US Real Estate bargains to add to their portfolio.
As reported on this blog before there is a new wave of Europeans who are investing in the Florida market, especially with the strong Euro/weak dollar.
Of course, Florida is popular with Brits and always has been, gorgeous weather and affordable property combined with good access in terms of flights to major airports like Tampa, Orlando International, Orlando Sanford and Miami!
International buyers are spoilt for choice, with emerging eastern european and south american/caribbean markets growing rapidly, yet the US market is where they are looking - especially after the slow down in price growth.
Nicholas Marr, CEO of Homesgofast.com reported that the US housing market may now be ripe for picking! Even NAR (the National Association of Realtors stated in a recent report that a quarter of Realtors were seeing more international business in 2006 than 5 years previous - with a fifth of Realtors stating that they had sold a property to a foreign investor in the past years and a third believing that international buyers wishing to retire/part retire were an important market.
Currently around 800,000 Brits (1.3% of the population of 60 million) own a property abroad, and about 4 million Americans (1.3% of the population of 300 million) own a foreign property.
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