The South Florida Real Estate Market is Thriving!
In December of 2010 Paul Owers from
the Sun Sentinel wrote an article titled “Real estate market
expected to hit bottom in 2012.” Well, here we are in the year
2012, taking a look back on 2011.
The South
Florida real estate market
has been buoyed by a surge in international buyers of South Florida
properties; the majority being Hispanic speaking people wanting a
piece of the American Dream at an affordable price. Below is a
breakdown of the demographics as reported by the Miami Association of
Realtors:
Top 10 markets for
international buyers in Greater Miami, 2011
1. Venezuela: 15 percent
2. Brazil: 12 percent
3. Argentina: 11 percent
4. Canada: 10 percent
5. Colombia: 8 percent
6. Mexico, France: 5 percent
8. Italy, Spain: 4 percent
10. United Kingdom, Ecuador, Dominican
Republic and Peru: 3 percent
As the nation’s ‘Ground Zero’
point for residential real estate sales to foreign buyers, South
Florida remains high on the list of most desirable locations in which
to own property worldwide. You can expect the level of interest to
continue at a high level through the year 2012. This is from the
National Association of Realtor’s Moe Veissi, the president of NAR.
He said, “You have a unique opportunity for the next few years.’’
South Florida is the favorite global
real estate market for many international buyers who are looking for
an investment to make in the US. Global buyers currently make up
about $82 billion of real estate transactions in the United States.
With such a favorable forecast backed
by solid numbers on record with NAR, South Florida will be the dream
quest for not only American buyers, but also the international buyer
looking for quality real estate at an attainable price. If you want
to continue to be in the know regarding South Florida real estate,
stay tuned for updates in the future.
My name is Cheryl
Lopes and I, along
with my proven team of real estate professionals, want to be your
biggest advocate and 'one-stop' resource provider for all real estate
and related information. Let
me show you how to experience the wonderfully powerful results of
highly effective marketing today!