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Is it a Great Time to Buy Property in Florida Now?

Thursday, August 14th, 2008    Posted by OP-Mall in Florida, North American Property

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Florida has always been a popular playground for city escapees who want to enjoy the sun, surf and of course the popular Mojito cocktail, while they watch the sun set over the ocean. Living in Florida is about the lifestyle and having fun.

Despite the great attraction, Florida seems to suffer too from the global property melt down. Foreign investors aren’t as active as they used to be only a couple of years ago. According to a recent study by the National Association of Realtors, some 25% of foreign buyers were investing in Florida. On first inspection, this figure doesn’t seem too bad. But when we take into account that the overall number of sold properties has gone down, it becomes clear that the market in Florida has slowed down.
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