Due to the events that have been taking place in the political and economic international arena over the past few months, more and more people from countries with declining economies have decided to sell housing in their homeland and move abroad. One of the most popular destinations for immigration is in European countries, the Middle East and, of course, the USA. Speaking about the latter, a huge interest is generated from the southern states of the state, especially Florida.
What kind of housing in Florida can buyers expect to purchase after selling their units in homelands? We will analyse this below.
Content:
- What are the main factors which influence the value of foreign real estate in Europe?
- Budget up to 100 thousand US dollars
- Budget up to 200 thousand US dollars
- Budget up to 400 thousand US dollars
What are the main factors which influence the value of foreign real estate in Europe?
The value of European real estate is established from the influence of a large number of factors. The most significant factors are the following:
- The area of the apartment. The amount of space that real estate can offer is one of the most important factors affecting its value. The larger the area of the apartment, the more expensive it is.
- Proximity to the central part of the city. The location of real estate is a significant factor impacting its value. In general, the closer the housing is to the centre, the more potential buyers are willing to pay.
- View from the windows. The view from the windows is another extremely significant factor in the pricing issue. In coastal cities and districts, apartments with a view of the ocean are the most expensive. In a tourist city, real estate is in high demand when the windows overlook the sights. A bird's-eye view of the forest park or the city centre also increases the value of the apartment.
- Infrastructure of the district. The cost of real estate increases when there are schools and preschool institutions, supermarkets, bus stops and metro stations, polyclinics, and city parks in the immediate vicinity.
- The condition of the property. The housing units will cost more if cosmetic or major renovations have recently been done. However, sometimes old units, with an interesting view from the windows, can be quite expensive due to their cultural and historical value.
- Year of construction of the building. In most cases, secondary real estate costs significantly less than new buildings that are located in the same location.
Most of the aforementioned coincide with the factors that affect the pricing of Florida real estate. Let's consider what housing units can be bought for in the sunny state, after the sale of residential units, from the different price range perspectives.
Budget up to 100 thousand US dollars
After selling a studio on the primary market or an apartment with one or two bedrooms on the secondary market of an average European city, e.g., Warsaw or Budapest, you should get approx. 100,000 US dollars. In Florida, the following offers are available to buyers with this budget:
| Location | Property Type | Area (m2) | Features | Cost (US Dollars) |
|---|---|---|---|---|
| Palm Beach | Apartment with two bedrooms | 213 | Fully furnished, central air conditioning and heating, tiled floors, garage, playground | 55,000 |
| Hallandale Beach | Apartment with two bedrooms | 163 | Balcony, central air conditioning and heating, tiled floors, garage, beautiful view, communal pool | 65,000 |
| Lake Worth | Apartment with two bedrooms | 94 | Fully furnished, balcony, central air conditioning and heating, tiled floors, garage | 75,000 |
Budget up to 200 thousand US dollars
Participants of numerous foreign real estate markets with this budget can count on small apartments of no more than 120 m2 with two or three bedrooms. Examples of Florida properties in this price segment can be found in the following table:
| Location | Property Type | Area (m2) | Features | Cost (US Dollars) |
|---|---|---|---|---|
| Lauderdale Lakes | Apartment with two bedrooms | 89 | Unfurnished, central air conditioning and heating, balcony, beautiful view, communal pool | 120,000 |
| Orlando | Apartment with three bedrooms | 92 | Unfurnished, central air conditioning and heating, balcony, garage | 140,000 |
| Miami | Apartment with two bedrooms | 110 | Unfurnished, central air conditioning and heating, balcony, beautiful view, communal pool, garage | 199,000 |
Budget up to 400 thousand US dollars
Having sold a luxury apartment in the central part of an average European city or a private house on the outskirts, potential buyers of Florida real estate can count on the following offers:
| Location | Property Type | Area (m2) | Features | Cost (US Dollars) |
|---|---|---|---|---|
| Miami | Apartment with one bedroom | 62 | Unfurnished, fully equipped kitchen and bathrooms, central air conditioning and heating system, balcony, panoramic windows, recreation area, video surveillance system, green area | 355,000 |
| Sunrise | Apartment with one bedroom | 69 | Unfurnished, fully equipped kitchen and bathrooms, central air conditioning and heating, balcony, panoramic windows, security, communal pool, beautiful view, proximity to school, shopping centre and public transport | 400,000 |
| Coconut Creek | Apartment with two bedrooms | 107 | Unfurnished, central air conditioning and heating, balcony, and outdoor parking | 240,000 |
