Recently published reports indicate that the US property market is rallying. Foreclosure inventory has fallen on an annual basis for 20 months in a row and the Case Shiller Index, compiled by Standard and Poor’s, indicates that house prices in almost all major cities in the USA rose by 0.7% in April, making it the third consecutive monthly rise this year.
Most noticeably, the largest indicator that the Florida market has turned a corner is when you look at the median sales prices of foreclosures. Between March and April 2012, average foreclosure sales price rose a staggering 5.5%, demonstrating solid capital growth and reinforcing the belief that now is the best time to invest in Florida.
Specialists in selling property in the USA for many years, Manchester-based property investment firm Knight Knox International has long been aware of the investment potential in Florida’s real estate market, selling a wide range of distressed properties in some of the State’s most desirable locations, at almost a fraction of their original price.
Of late, West Coast cities like Tampa are proving particularly popular with investors, mainly due to its relatively low profile in the media compared to other Floridian cities, allowing for a thriving local investor market.
With an expanding population, the Greater Tampa Bay area currently has a population of approximately 4,300,000, placing huge demand on the limited amount of affordable housing. It is also a haven for students, as The University of South Florida is the 9th largest university in the United States and is home to over 45,000 students attracted by the year-round sunshine and beach-side life style.
“Due to the proximity of the university and downtown Tampa, the demand for high quality rental accommodation is strong, meaning Tampa is a prime location for investment,” commented Matt Lavin, Senior Property Consultant at Knight Knox International.
Experts at identifying opportunities within the market, Knight Knox International has an exclusive tenanted development in the heart of Tampa, generating 9% NET immediate returns and priced at 70% below peak pricing.
Equestrian Parc is a stylish gated community comprised of elegantly designed condominiums with hotel-style facilities. Priced from as little as £49,995 and only £3,000 to reserve, investors would be hard pressed to find a more lucrative opportunity.
For further information about investing in Equestrian Parc, or for more details about investing in Florida, contact Knight Knox International on +44 (0)161 772 1370.