Spanish property is a better investment than Florida.
“If you’re buying in Florida for retirement,” said Winzer, “maybe you buy next year when prices will be near the bottom. And if you’re buying for investment — don’t.”
“Housing [in Florida] went from being the pre-eminent investment of choice to toxic waste,” says Richard DeKaser, an economist with the Parthenon Group.
Florida’s state Census Bureau revealed this week that 18%, or 1.6 million, of its homes are now sitting empty. The number of unoccupied homes has now risen by 63% over the past 10 years.
These are just some of the pessimistic reports coming from experts in Florida. It is claimed that parts of Florida will take 20 – 25 years to recover from the slump that has seen the value of housing in Florida drop to less than half it’s peak prices and still it’s falling. And the news isn’t much better in other parts of the States either.
So if your looking for a home in the sun then look to Spain, where the news is much better. On the Costa Blanca the prices are now fairly stable but there are some great bargains to be found still. In some parts of Spain prices are even rising. The new Paramount Park to be built in Murcia will boost house prices there in the next few years so the Costa Calida is also looking good from an investment perspective. The Costa del Sol isn’t fairing as well at present due in part to uncertainty around the many thousands of illegal builds which are still being processed for legalisation or demolition resulting in ‘bad press’ but there are plenty of legal and good quality homes available.
The British are not the only ones seeing the potential in Spain again. The Scandinavians are buying, so are the Russians, Irish, and the Belgium’s to name a few. The interest from northern Europeans is keeping the market fluid. Investors are coming back to Spain too, a sure sign that the market is expected to move forwards. With few new building projects the surplus supply of new build properties will slowly decline and eventually lead to a shortage of new properties on the Costas.
Taken from the global perspective on real estate, Spain’s experience has been similar to many other counties, including the UK, with a fall in house prices since 2007. But maybe the time has come to consider what a place in the sun can do for you and where better than the tried and tested favourite of Spain?
http://www.spanishdreamproperty.com/
01603415296
info@spanishdreamproperty.com
“If you’re buying in Florida for retirement,” said Winzer, “maybe you buy next year when prices will be near the bottom. And if you’re buying for investment — don’t.”
“Housing [in Florida] went from being the pre-eminent investment of choice to toxic waste,” says Richard DeKaser, an economist with the Parthenon Group.
Florida’s state Census Bureau revealed this week that 18%, or 1.6 million, of its homes are now sitting empty. The number of unoccupied homes has now risen by 63% over the past 10 years.
These are just some of the pessimistic reports coming from experts in Florida. It is claimed that parts of Florida will take 20 – 25 years to recover from the slump that has seen the value of housing in Florida drop to less than half it’s peak prices and still it’s falling. And the news isn’t much better in other parts of the States either.
So if your looking for a home in the sun then look to Spain, where the news is much better. On the Costa Blanca the prices are now fairly stable but there are some great bargains to be found still. In some parts of Spain prices are even rising. The new Paramount Park to be built in Murcia will boost house prices there in the next few years so the Costa Calida is also looking good from an investment perspective. The Costa del Sol isn’t fairing as well at present due in part to uncertainty around the many thousands of illegal builds which are still being processed for legalisation or demolition resulting in ‘bad press’ but there are plenty of legal and good quality homes available.
The British are not the only ones seeing the potential in Spain again. The Scandinavians are buying, so are the Russians, Irish, and the Belgium’s to name a few. The interest from northern Europeans is keeping the market fluid. Investors are coming back to Spain too, a sure sign that the market is expected to move forwards. With few new building projects the surplus supply of new build properties will slowly decline and eventually lead to a shortage of new properties on the Costas.
Taken from the global perspective on real estate, Spain’s experience has been similar to many other counties, including the UK, with a fall in house prices since 2007. But maybe the time has come to consider what a place in the sun can do for you and where better than the tried and tested favourite of Spain?
http://www.spanishdreamproperty.com/
01603415296
info@spanishdreamproperty.com
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