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U.K. Buyers Eyeing Florida

October 16th, 2012 Written By Carol Pawley

Now is the best time to buy in Florida. Property prices are currently low and could soon be on the rise.  Dr. John Tuccillo, chief economist for Florida Realtors said,“Now is the time to buy in Florida. We’re starting to see the beginning of the shift from a buyer’s to a seller’s market.Sales numbers and home prices have both been rising, and we expect the trend to continue as more international buyers take note of the opportunities here, and the market’s recovery gains traction. There are some real residential bargains to be found for British buyers.”

Thanks to the best dollar-pound exchange rate in six months bargain prices look even better for United Kingdom buyers. According to the National Association of Realtors Florida sales to international buyers accounted for over a quarter of all U.S. international property market sales last year. Florida Realtors recent research revealed buyers from Canada, Brazil and Venezuela are now joining British buyers in taking advantage of Florida’s property bargains. Florida Realtors research finds that the median price for a single-family Florida home is £91,000.  “Buyers who have been waiting on the sidelines should see this as a sign to jump in before the market escapes them again,” says Florida Realtors® President Summer Greene.

Click Here to Get Miami Real Estate and Beyond by Carol Pawley delivered by email

Great to have you on my site! Seeking to sell or buy property in Coconut Grove, Coral Gables, or anywhere in Miami? I can assist you. Real estate is my area of expertise and Miami-Dade the place I grew up. I know the communities, the schools, the culture, and the business of real estate. I’ve consistently ranked in the top 1% of my field, locally and nationally. I’d love to have the opportunity to introduce myself and discuss your real estate needs. Let’s connect: PH 305-992-6188,EMAIL: carolapawley@gmail.com

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