Dont forget - Florida isnt a giant property bubble like Dubai. A property boom didnt just appear out of the blue. The real estate market was tipping along quite nicely based on firm fundamentals between 1990 - 2002 prior to the unprecedented buying binge that occurred worldwide from 2003-2006.
A high quality of life, lots of space, great schools, universities and employment opportunities, a diverse and high tech economy encompassing large multinationals and government agencies of every description, a world class financial and tourism sector - all these played a part in attracting wave after wave of honest-to-goodness professional workers relocating permanently.
Guess what? Theyre still here. If you know where these people live, work, play and go to university you are well on your way to making a wise investment decision. These are the locations where our target market of middle class professionals rent and buy their first homes. Siesta Lago is one of them. The people renting and buying here will provide a safe and stable exit strategy.
If you like the idea of purchasing a property that used to cost $200,000 but now sells for $70,000 and rents out at an 8% net yield - you really should start looking now. If you click on this Siesta Lago link and complete a short enquiry form, all information will be sent to you automatically.
In conclusion, prices arent falling anymore in the areas we source property - it is the supply that is falling. The window of opportunity to purchase a) in the best areas and b) at the bottom of the market will probably close sooner than a lot of industry commentators think.
