Friday, 30 April 2010

Property market in Florida has reached its lowest point

That's according to a recent survey of Florida property professionals, says the Miami Herald. However, the same same survey says that the property market isn't looking like picking up any time soon. That's partly down to the fact that the state is facing tough economic conditions and also because banks aren't all that willing to give out loans.

However, one of the reasons of hope for an upturn in the property market is down to those looking to snap up some bargains - including foreign buyers. So, if you're a potential buyer from outside the US, it could be down to you to help out the property market!

Though is the property market really at rock bottom? I'd say that's very hard to call - and I'm sure there have been reports saying the same before. The market has certainly been on a downward slope for a while, so some sort of a recovery does feel due. But we can only wait and see.

Article: Survey: Florida real estate has hit bottom (29th April 2010, Miami Herald)

24 comments:

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cheap holidays to florida said...

Recently I have read that the oil level in Florida is going down and now I am reading the property market is going down. What is happening to Florida and it's economy?? I think there must be some steps taken as soon as possible.

Wilma said...

I am still optimistic about the property market in Florida even if it reached its lowest point, since there is always a time when a rise-and-fall happens in the market. It's an endless process in the economic activity and its up to you on how you can manage the situation. That's why now, I focus more on my work dealing apartments for rent in Simpsonville to customers finding for one to push the market for apartments in our place.

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Kelly said...

Maybe next year, I will moved in Florida, though I've read this article about Florida's marketing, I will find alternatives to get a good deal in buying a home there. Today, I'm waiting for a buyer who will buy my home (Houston-based). Once my house is sold, I will use the money to find quality home in Florida.

Buying Property in USA said...

Great article you have. Although its a bit of a sad news but we need to stay positive. We never know it can rise again in the following months.

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arrielle_p said...

Hi It's been a year since you posted this blog. Is there a new updates on this? It is still the market is low?

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aliah said...

The US is the most popular country for people buying second home abroad, and the majority of them buy in Florida.
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