News and articles
-
If a foreigner who owns real estate in Florida passes away, the properties owned are subject to Florida probate law. Florida courts have exclusive jurisdiction over real property located in the state. Content: Who is considered a foreign national? Inheritance with a will Inheritance in Florida without a will Who is entitled to what...
Read more -
Properties that were sold for $250,000 in Florida before the pandemic are now about twice as expensive. At the same time, trends show that it may be quite easy to buy a house in some locations in Florida in the next 12 months. Experts focus on 13 districts of the state where it is profitable to buy a house, as well as on those locations where the...
Read more -
Real estate sales slowed in the US in June. The reason is the achievement of the average real estate price of the second highest level in the entire history of observations. The average cost for all types of housing in June 2023 rose to $410,200, which is 0.9% lower than the historical maximum of $413,800 in June last year. For the first time, the...
Read more -
Last year, only in Texas more property buyers than in Florida used private mortgage insurance. 76,451 buyers, that is, 57% in the "sunny state" used a mortgage when buying a house. According to the annual mortgage finance report, Florida ranked second after Texas. In Florida, almost 3 out of 5 buyers, that is, 57%, relied on a mortgage when buying...
Read more -
The state of Florida, which occupies a peninsula in the Southeastern United States, has one of the longest coastlines of any state in the country, a rich history, and a hot climate: tropical in the south and subtropical in the north. Every year it is visited by millions of tourists—both Americans and travellers from all over the world. Some people...
Read more -
The rental market has been slowing down for more than a year, but the average rent, as before, is only $24 below the record high, which was $ 2,053 in August 2022. In June, the average rent across all states, including Florida, was $2,029. In percentage terms, rent growth was 0.5% year-on-year in June, which is not far from the annual decline of 0...
Read more -
Generation Z (81%) and millennials (71%) experience stress when buying a property for the first time
Generation Z (81%) and millennials (71%) note: they are stressed about buying a home partly because they are buying real estate for the first time. Also of concern are the low level of stocks in the market and the growth of interest rates on loans. At the same time, 54% of real estate buyers say that now is a good time to buy a house. Problems...
Read more -
The market of real estate in Florida, like other regional markets, goes through certain cycles. There is usually an imbalance in supply and demand at the beginning and end of such cycles, which opens up new opportunities for experienced investors. In 2024, according to experts, the phase of the cycle is favourable for buying houses or...
Read more -
Investors who are willing to spend a significant amount on the purchase of real estate in the sunny state have the opportunity to buy a magnificent and one-of-a-kind house, the architecture of which resembles a Moroccan riad. The mansion is located on one of the large corner plots in the beach town of Alice Beach. A swimming pool in the courtyard,...
Read more -
Sarasota is famous for its premium real estate. The numerous advantages of residential properties invariably attract investors and those who want to live in Florida on a permanent basis. Real estate experts have identified 6 key features of houses in Sarasota that distinguish it from real estate in any other region. Beautiful view of the Gulf of...
Read more