(PRWEB UK) 16 November 2012
Commenting on this news, Loxley McKenzie, Managing Director of Colordarcy said, “When I look at Florida property at the moment, I see an opportunity to invest at a very low risk because there is high demand and a growing market, particularly when it comes to Miami Property.
Most importantly I it is also an established, mature market with plenty of tenants, with many already in place to cover the costs of ownership. This means Miami property pays for itself in some cases.
Analysts at Colordarcy say that the fact sales in Miami have risen by 40 per cent in the last year, proves that demand is high. It also provides an indication that the city is struggling with stock levels as investors from Brazil and other countries arrive in increasing numbers.
Miami is also experiencing a surge in demand for hotel properties on Miami Beach according to the New York Times this month. This is only adding to the pressure on land values which are also feeding into the cycle of growth the city is now seeing.
So for those looking to maximise their property profits, it is worth taking a calculated gamble on cities like Miami where the median sales price for a single family property in Miami-Dade County rose 5.06% in the third quarter of 2012 (Source: Miami Association of Realtors).
Meanwhile the same survey found that the median sales price for Miami condominiums increased by 28% year on year.
Analysts at Colordarcy say that if ultra-low mortgage rates continue to remain as they are, then it is only a matter of time before prices rise to the point where we see homeowners entering the market in greater numbers as property prices reach a level where it becomes a sellers’ market. By then it will be too late.
At the moment it is cash buyers rather than borrowers who are boosting the market and buying up limited stock, which is why maximising your property profits in the USA means investing in Miami tenanted property now, before it’s too late.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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