Looking at the us Dollor today reaching 1.32 to euro and projected to go to 1.40 is it now a good time to buy in Florida.I know property prices have falling however with the good currency exchange rate at the moment and the fact that you can buy a brand new 5 bed house/villa with all mod cons for around 300k is now the time to make the move. Reading reports from other sites some people are predicting that there will be further property price falls in property however with the good exchange rates would i be somewhat immune to that. Also others are predicting that property will start to increase in price in 1st quarter 2007 because of the falloff in new builds
Prices remain the story in home sales, with Sarasota-Bradenton prices falling 18 percent in October, the second biggest drop in the state.
The median sales price in the Sarasota-Bradenton market was $277,900 last month, compared with $340,700 during the same month in booming 2005.
The Charlotte County-North Port market was not far behind, with a drop of 17 percent, from $243,900 to $202,800.
Only Fort Myers-Cape Coral took a bigger fall, posting a 44 percent decline in median sales price, from $445,100 to $249,200, the Florida Association of Realtors reported on Tuesday.
The median is the point where half the homes sold for more and half for less.
Those numbers came against the backdrop of a national decline in sales price of 3.5 percent, to $221,000, the biggest year-over-year drop on record. It marked the third straight month that prices have fallen nationally, the longest stretch on record.
Hi Duplex
I dont think the fall is as bad around Davenport/Kissimmee area. Have a look at http://www.househuntnews.com/MCR/Florida/ and see what you think
With the huge supply of homes on the market, some sellers are in a panic. The people who are forced to sell are the ones dragging down the median price, said (realtor) Kim Stevens in Boynton Beach. Stevens recently sold a Lake Worth home that was appraised at $380,000 but sold for $318,000. Two years ago, she said the home would have sold for more than $400,000.” “Based on the current market index, Palm Beach County has a 47-month inventory backlog.”
“Ronald Shuffield, president of Esslinger Wooten Maxwell, contends that people who buy now may still see prices go down in 2007, as the market digests the enormous number of homes for sale. Nearly 65,000 homes are now listed for sale in South Florida, from 25,174 a year ago.
“There are 22,254 condo units under construction in Miami, according to the city’s planning department. That’s compared to 15,525 total units that went up since 1995.”
“Meanwhile, 29,558 condos have been approved by city commissioners for construction, and developers have proposed another 30,674 units that city planners are reviewing. These number say nothing of the building in other towns across Miami-Dade and Broward counties.”
No doubt people will say you can get some category of visa if one has a few million to open a buisness and employ top lawyers, but who needs that hassle.
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It is far less than that.
I spent $760K on a business there and got a 10 year business visa. It did not allow me to work but it allowed me to go and stay as often and as long as I wanted and to run my own business.
I do not remember exactly what the lower limit was (probably available on the net) but I can garantee you that I got it having invested that amount.So what are the rules then?
Could one buy a cheap restaurant or guest house and get the buisness visa?
It must be frustrating to own a bisness and can`t work.
And speaking as someone who worked illegally in the states in the 80s.my name would probably come up in some computer.
What about someone who goes to buy a holiday home in florida...what kind of visa do they need?
The mortgage (assuming 10% down) will be around $1700 a month on that $350,000 home plus property taxes of $6,000 yearly and home/hurricane insurance of $3,500.
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