The South Florida Real Estate Market Currently Bears Great Potential With International Buyers
With the incredible volume of real estate activity and residential property sales that have taken place over the last year, things have certainly been looking good for the local real estate market although there are still those who stand in fear that things are only going to start dwindling down soon.
However, people can put their worries off to one side as the volume of activity that South Florida has been receiving can only get bigger in the upcoming year as there seems to be no stopping the relentless demand for superb real estate in the region which is largely due to the high value that people find in South Florida real estate.
Given the fact that thousands of international buyers have been coming to the local real estate market for these outstanding opportunities which have generated at least $82 billion worth of residential property purchases in the country today, it is clear to see that the South Florida real estate market is currently in a position where it holds the key that can unlock such great potential which could mark the beginning of the finest global real estate market in history.
At the moment, people can expect to find great property prices on outstanding home properties all over the region which means that buyers — both international as well as local — will find this to be an excellent time to invest in these opportunities as these prices will most likely increase as the inventory supply responds in accordance with today’s unstoppable demand.
As far as buyer preferences are concerned, it seems that buyers are relatively centered on being able to acquire the region’s condominium property offerings which account for over 70 percent of residential property purchases made in South Florida although the luxury real estate sector has also been receiving a good amount of activity from both the local and international audience.
Nevertheless, people can expect to find even better days ahead as the South Florida real estate market is looking forward to a fresh start to 2012 which is surely going to be an excellent year now that there are even more international buyers looking to find real estate opportunities in the region.
Joan Vonnegut
Florida Real Estate
