Florida Property Prices On The Rise

Data through September 2009, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index improved in the third quarter of 2009, posting its second consecutive quarterly increase and further improvement in its annual rate of return.

“We have seen broad improvement in home prices for most of the past six months,” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s.

The number of Brits investing in property in the US has risen over the past few months, with more UK buyers tempted to the country by improvements in the sterling and dollar exchange rate.

According to Deane Roe, from Moneycorp, the firm has seen a rise of 23 per cent in the number of Brits investing in homes in the US over the past half a year.

Florida overseas property specialist Colordarcy ? have seen a further surge in international buyers looking to take advantage of prices at the bottom of the market. Real Estate inquiries over the last quarter have increased by 60% for an estate agent close to ashford kent.

The window of opportunity is starting to close and those who have been considering purchasing a property for sale in Florida, should now be looking to take advantage of a market that has clearly reached the bottom.

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