Great Market for BuyersNow is a great time to buy!
The Real Estate prices in Southwest Florida fell about 40-50% since the big Crash and are currently at the same price level as 2002. In this sense the real estate market provides a very attractive range of luxury residences along the Gulf Coast. The demand for vacation homes is tremendous, especially in the areas around Cape Coral and Fort Myers. With the Dollar having losses of value compared to the Euro and with an exchange rate of 1.40 Dollar, European Investors are purchasing around 20% cheaper when spending capacity is included.
Given the high indebtness in Europe, many investors invest their money in real estate in Florida. Even with having such a high demand the offer is nowhere near exhaustion. It is still a very good time to invest in a vacation home in Southwest Florida.
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