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Duquesa Village - 65 per cent discounts
Costa Del Sol - Spain Duquesa Village UP TO 65% DISCOUNT AND UP TO 100% FINANCE!! We are pleased to offer 2 and 3 bedroom apartments in thi ...
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Posted On: 27/12/2011
Miami's Association of Realtors has issued its latest findings on the property market, asserting that the Florida and Miami continue to climb out of recession. The assertion is based on an 11% jump in existing home sales this November when 755 homes were sold compared to last November when 679 were.
Not a bad assertion actually. Without me clawing back through all the previous reports I can tell you that sales of existing homes in Miami and Florida have grown year on year in almost every month for the last 12-18 months, certainly during that period there have been far more months of recorded growth, than falls in existing home sales.
As the Chinese man said but of courseJ, existing home sales includes short sales and repossessions, and it is these bargain properties that are likely fuelling most of the growth in sales. This tracks with other data that we have from the Miami Realtors Association, and regional data from the National Association of Realtors, namely growing sales to foreigners, growing predominance of cash-only sales, and growing numbers of American's purchasing for investment.
But who can blame them. Florida is one of the world's top tourist destinations; the resorts which make it famous (Disney World, Holywood Studios, the new Wizarding World of Harry Potter) attract millions of tourists every week, month and year, and provide plentiful jobs as well. So repossessed property in Florida available at 40-60 percent below, not their market value, but below what it would cost to have a new home built in that location, is an opportunity that many people consider too good to miss.
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