Category: North American Property

US vs EU Ski Property Investment

ski property 150x150 US vs EU Ski Property InvestmentWhen thinking about investing in ski property, the US is probably not the first place that comes to mind. Most often, property investors think more towards the French Alps. However places such as Colorado offer equally good opportunities to those wishing to purchase a ski property investment.

One of the major attractions of purchasing a skiing property in the US rather than Europe is the cost. Since the global recession, US property has tanked and has yet to fully recover. This means that there are more opportunities for investors at both ends of the scale – budget ski properties and luxury skiing properties. Estate agents in Colorado have said that some properties have seen price drops of up to 35pc since their highest point and this has piqued the interest of increasing numbers of international property buyers.

Why now is the right time for Florida Property Investment

Florida Property 150x150 Why now is the right time for Florida Property InvestmentThe real estate market in Florida has undeniably been in decline since the heady boom years of 2006/7 however with property prices now reaching levels seen nearly a decade ago, it is savvy international buy-to-let investors who are snapping up prime properties at bargain prices.

Floridian property experts Property Frontiers believe that the sunshine state has finally reached the bottom of the cycle and that home prices will slowly but surely begin to once again increase. This feeling is echoed by the Florida Association of Realtors (FAR) who has reported a 24% increase in existing home sales in March 2011 compared to the same time last year.

Orlando Home Prices Hit 13 Year Low

6FD5DD20 150x150 Orlando Home Prices Hit 13 Year LowPrices of homes in Florida are at their lowest for 13 years. Figures out this week from the Orlando Regional Realtor Association show that Orlando’s median home price in January 2011 sank to $94,950 – its lowest level since November 1997.

Cheap cash deals are driving more than half the sales. The Orlando Sentinel reports: “Usually a drop in prices means a boost in sales, but January’s total was down sharply from December, which is the historical pattern. Only 1,950 sales were recorded for the month by the local Realtors group, down 21 percent the previous month and the slowest month in a year.

Orlando Property Prices Hit 12 Year Low

Orlando Property 150x150 Orlando Property Prices Hit 12 Year LowAverage Orlando property prices are reported to have dropped 8% from July to a low of $99,900 in August and sales prices were down 22% from last year allowing savvy property investors to snap up bargain properties.

For the first time in more than a decade, the average price of a home in Orlando has dropped to less than $100,000 (£63,933). The Orlando Regional Realtor Association this week reported that average home prices dropped 8% from July to a low of $99,900 in August and sales prices were down 22% from last year.

Florida: A great place for property investment in 2010

florida 150x150 Florida: A great place for property investment in 2010The Sunshine State has always been a popular place for overseas property investors however in the last 18 months, it has fallen out of favour. Prices have crashed – in many cases, property prices have halved – and Florida had the second highest foreclosure rate in the America in 2008 affecting a massive one in 22 properties. Having been siezed by the banks, many of these Florida foreclosed properties now remain empty.

The sheer quantity of properties being foreclosed, and the number of empty properties littering the state, left many investors nervous about buying property in Florida. However in recent months, interest has started to pick up again.

Recovery in Sight in the Sunshine State of Florida

Florida Lake Berkley formby front Recovery in Sight in the Sunshine State of FloridaThis week Forbes Traveler magazine named Orlando Florida as North America’s top vacation spot in its newest ranking of destinations in the US, Canada, Mexico and the Caribbean. The USA’s most popular holiday destination is also seeing increased demand from buying foreign propertys as Florida property prices also happen to be at rock bottom right now.

“Both enquiries and sales are up”, says Lee Weaver of the Orlando-based British Homes Group, a company set up by Brits for Brits considering buying property in Florida. “These are clear indicators that the market is recovering. While the national housing bust has devastated property values, it has also created some outstanding bargain opportunities for would-be home buyers – if you know where to look.”

The World’s most expensive house

Got a spare $155 million, and you’re looking to spend it? One of the World’s most expensive houses is for sale, at a cool $155 million. The house, named “The Pinnacle”, is set on a mountain-top ridge and is set to feature it’s own mini-ski lift. The price is higher than Donald Trump’s estate in Palm Beach (a mere $125 million) or “Updown Court” in England, at an affordable $139 million.