Buying a property in Florida

1
Buying a property in Florida
2
(No Transcript)
3
Buying a property in Florida

• Foreign sale in U.S. residential real estate
  market boomed, as transactions increased in each
  of the top five countries where buyers
  originated, a significant increase in sales
  dollar volume from Canadian Buying a property in
  Florida.

4
Buying a property in Florida

• This is according to an annual survey of
  residential purchases from international buyers
  released by the National Association of Realtors,
  which also indicated that almost half of all
  foreign sales were in three states Florida,
  California and Texas.

5
Buying a property in Florida

• According to statistical reports, between April
  2016 and March 2017, international investors and
  immigrants purchased 153 billion of residential
  property, which is a 49 percent jump from 2016
  (102.6 billion).
• Overall, 284,455 U.S. properties were bought by
  foreign buyers (up 32 percent from 2016), and
  purchases accounted for 10 percent of the dollar
  volume of existing-home sales (8 percent in 2016).

6
Buying a property in Florida

• The political and economic hesitancy both in U.S
  and abroad did not discourage foreigners from
  inclining up their investment in U.S. property
  over the past year,
• While the strengthening of the U.S. dollar in
  relation to other currencies and steady
  home-price growth made buying a home more
  expensive in many areas, foreigners mostly
  believed that the U.S. is a safe and secure place
  to live, work and invest.

7
Buying a property in Florida

• Inventory shortages continue to drive up U.S.
  home values, but prices in five countries,
  including Canada, experienced even quicker
  appreciation.
• Some of the acceleration in foreign purchases
  over the past year appears to come from the
  combination of more affordable property choices
  in the U.S. and foreigners deciding to buy now
  knowing that any further weakening of their local
  currency against the dollar will make buying more
  costly in the future.

8
Buying a property in Florida

• This years survey once again showed that foreign
  buying action is mostly limited to three states,
  as Florida (22 percent), California (12 percent)
  and Texas (12 percent) maintained their position
  as the top destinations for foreign investors.
• Florida was the most popular state for Canadian
  buyers. According to Realty Services Florida,
  prices are expected to soar in Florida especially
  in Broward County.

9
Buying a property in Florida

• Although buying a property in Florida and U.S in
  general, raised over the past year, it appears
  much of the activity happened during the second
  half of 2016.
• Realtors in some markets are reporting that the
  effect of tighter regulations on capital outflows
  in China and weaker currencies in Canada and the
  U.K. have somewhat cooled foreign investors to be
  interested in early 2017.

10
Buying a property in Florida

• For future, experts believe the gradual expanding
  global economies should keep foreign investors
  demand at a robust level.
• If you're uncertain about buying a property in
  Florida, its recommended by Realty Services
  Florida to make your decision now, because prices
  are predicted to raise for the next few years.

11
Selling a home in Florida?
Get in touch with Realty Services Florida today
for buying or selling your property in Florida.
12
(No Transcript)
13
(No Transcript)