This post makes me laugh.
Ive been getting these emails from Florida property agents for about the last eighteen months. Hurry Hurry, stocks are drying up, prices are rising
The reality is far removed from this...............
I love Florida but wouldn't buy property there for all the tea in China.
Not really.Its different this time
I know this one is a bit of a hobby horse of mine but if anyone is thinking of investing in property the Florida market still represents excellent value.
The property I bought at the very bottom of the market in 2012 has now appreciated in value by over 25% yet I still think real estate in general in the States and Florida in particular represents good value.
Obviously the euro/dollar rate is poor but for anyone who got their money out of Ireland at the height of the financial crisis and into another currency it's a good opportunity to get it working for you rather than sitting in a bank doing nothing.
[broken link removed]
Had you invested your money in European REIT over the past three years you'd have experienced a price gain in excess of 70%, that higher return would have been achieved at a much lower risk level as it was spread over about 600 properties across Western Europe....
As best I can see from my private research material, Florida Real Estate is expected to yield around 4.5% pa while the SP500 is expected to yield 6% - 8% pa, again a higher rate of return at a lower risk.
If you want to benefit from the US property market, you'd do far better to look into something like title insurance.
But you haven't factored in the fun of owning a Florida property and the ability to hop on a plane and laze in the sun by your own pool.
Beats a Bulgarian off-plan any time.
So now it is not an investment after all.... it's a holiday home now is it?
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