If you are considering moving to the US or investing in property over there – Miami may well be the place for you if the latest figures from the Miami Association of Realtors are anything to go by.
Article written by The Overseas Guides Company
Statistics show that the city has one of the most active property markets in the United States and record activity was recorded in the fourth quarter of 2012. House prices are on the up and look set to continue on along this positive path.
In the last quarter of 2012, the median sales price for single family homes in Miami rose by 13.7 per cent to $199,000 and the median sales price for condos was $155,000 – an astounding increase of 27 per cent compared prices that were seen at the end of 2011.
The reason for the market boost is coming from both international investment as well as home grown buyers according to Natascha Bello, Chairman of the Miami Association of Realtors. She commented:
“Sales growth is significant and is exceeding record levels. We are experiencing continued growth as evidenced by high occupancy rates in Downtown Miami and by the strength of the local rental market. Properties are not just selling; they are satisfying evident housing demand”.
For details of property for sale in the USA, visit the American listings on Rightmove Overseas. Anyone on the verge of buying a property in Florida, or anywhere in the USA, who will need to transfer Sterling to a dollar account to pay for their purchase should use a currency exchange specialist to guarantee a favourable exchange rate. For more information, visit the Currency Zone or download Smart Currency Exchange’s free report.
To understand the full step-by-step process to buying a property in America, collect The Overseas Guides Company’s ‘USA Property Buying Guide’
The views and comments herein are those of the author and do not necessarily reflect the views or opinions of Rightmove Overseas, Rightmove Group Ltd or Rightmove Plc