Investors eye florida property at 'rock bottom' prices

Success in anything has a lot to do with timing say colordarcy.com, who believe that now is the right time to invest in Florida property. 

It is no secret that the property market in Florida has been left in bad shape by the real estate market correction. The state has seen more foreclosures than at any time in its history and house prices in the south are back to where they were back in 2004 according to the Case Shiller Index. 

However for property investors www.colordarcy.com say that these conditions should send clear signals Florida property is now available at heavily discounted prices which should flash up the word 'opportunity' in neon lights.

The classic buy low sell high strategy is bound to be on most people's mind when they're asking about Florida. However property investors might also be wondering at this point if the Florida Real Estate market has further to fall.

This is unlikely as many experts are suggesting that the market has already reached its bottom and is seeing increased interest from foreign investors - positive signal number two.

Loxley McKenzie MD of Colordarcy, said "Even if for argument's sake the property market in Florida hasn't reached bottom, I strongly believe that there will be demand in the longer term.

"Supply will be unable to keep pace with demand forever, this is what makes property such an attractive investment option in the first place and it is no different in a depressed market like Florida, even now we can see the first signs of recovery in this market.

"What I look for in a market is rental demand and reasons to believe in long term growth and this is clearly evident in Florida.

All those people who can't get mortgages still need somewhere to live. People are desperate to rent, while foreign investors are showing more than a passing interest in the abundance of good high quality property available at rock bottom prices."

Source:  ColorDarcy