Report shows florida property market on the rise

Optimism has increased slowly but steadily in Florida real estate markets through the fourth quarter of 2010, according to the latest survey from the University of Florida.

The survey from the Center for Real Estate Studies, the most extensive of Florida professional real estate analysts and investors conducted on an ongoing basis found improvement in several key categories, including the outlook for sales in new single family homes and condominiums, office occupancy, retail occupancy, land investment and capital availability.

It says that much of the optimism derives from the political arena with the defeat last fall of Amendment 4, a proposed constitutional amendment that would have required a referendum for all changes to local government comprehensive land use plans.

Timothy Becker, director of UF’s Bergstrom Center for Real Estate Studies, said that the conclusion of mid term elections also eased respondents’ uncertainty as it provided a clearer picture of the future. 'The state welcomed a new governor who has promised to make Florida a more business friendly state. If he can succeed on his goals, respondents believe it will have a positive impact on the real estate market. Any help in attracting new business to move or form in the state will no doubt have a positive impact on job growth,’ explained Becker.

Source: Property Wire