last year $82 Billion Dollars worth of Real Estate in the US has been sold to international buyers. The median home price for international customers is $315,000, which is about $100,000 higher than the median sales price over all. Real Estate in Florida has a real draw for a lot of people from other places. Besides the fact that we have beautiful weather year round, prices have always been more affordable than some other places.
During the course of the last few years, home values have seen a significant drop. The average price reduction in Florida was about 45% from July 2005 to July 2011. This number in itself is huge but if in addition, one figures in the extra savings created by the difference in exchange rate, the “discount” on Florida properties reaches as much as 60% if you are living in Brazil or up to 56% if you live in the Euro zone.
We have great properties for sale, we see a definite up-tick in activity and prices are inching their way up slowly but steadily. Don’t wait too long to buy your piece of sunshine.
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