Do you have a property for sale in Florida, USA? The Florida real estate market has been given a new lease of life with Donald Trump’s unexpected victory in the US Presidential race. Florida, as you would know, was one of the crucial swing states that won the Presidency for Trump.
Florida has many expectations from President Trump. Already, the confidence in back in the local economy and real estate professionals talk of a new momentum in the housing market. This optimistic outlook has been reinforced by a survey from Berger Singerman, a leading business law firm in Florida.
The results of the survey indicate that confidence in the real estate market is up. The stock markets are doing better than ever, the mainstream economy is booming, unemployment rates have been at their lowest in several years – all of these together have created a new wave of optimism in the real estate market here.
Florida is lucky in the sense that it gets hundreds of thousands of immigrants every year, from other states in America as well as from many Latin American countries. So there is always a demand for jobs and new houses in Florida.
Florida is also called as the Sunshine State; it is the place many seniors go to for their retirement. Older Americans, or Baby Boomers are among the biggest buyers of properties in Florida.
They are matched in equal measures by immigrants with young and growing families, who are living the American Dream. Florida has a thriving economy and is a major tourist hub. It is home to Disney World, the world’s most famous theme park and attracts tens of millions of tourists every year.
Florida is also a leading overseas property destination. A number of savvy investors from emerging nations such as China, Russia and Brazil buy properties here, as do wealthy Europeans. Britons are prominent buyers of properties in Florida, as are Germans, French and Italians. Florida has people from all parts of the world, including from the Middle East and Asia – every nationality and ethnicity is well represented here.
However, if there are any risks to this generally optimistic outlook it is the worsening global economic climate. This could have negative consequences for Florida, which is very much dependent on its tourist economy, which employs millions of people. A slowdown in China, for example, affects the housing market in Florida directly.
Similarly, Florida is affected by events in Latin America, such as the outbreak of the Zika virus. There were many that were worried about the virus spreading to Florida, which fortunately did not happen.
People in Florida are keenly interested in President Trump’s policies on immigration. Since Florida has millions of immigrants, any policy that restricts immigration or seeks to deport illegal immigrants will have negative consequences. Regardless, the climate in Florida remains one of optimism.