Friday, March 30, 2007

International real estate investors Florida is ripe

"The real estate boom across the United States over the past several years slowed considerably in 2006. The slowing market has meant that in certain areas there is an oversupply of new and resale properties on the market. In one of the hotter markets in recent years, South Florida, this is quite true. For international real estate investors, retirees and those just looking for a property in the sun, this is actually great news. While some isolated areas and communities still continue to remain sellers’ markets, most of the area is now a buyer’s market. That means it’s a good time for real estate investors and buyers to get in.

One other point of consideration for international real estate investors is the decline in the value of the dollar in recent months. This drop has given overseas investors an advantage when it comes to buying property in the US. All in all, now is a great time to buy in this part of the country, particularly for overseas purchasers." read more