Investors Explore Alternative Destinations in Florida
Florida has long been popular with house buyers in the US as well as overseas; up to now the most popular destinations were those dotted along the coast of the Gulf of Mexico, rather than the more windswept Atlantic Coast. However, properties along the Gulf Coast are priced accordingly high and many of the more popular areas have become overcrowded.
In search of a cheaper and more peaceful alternative to the Gulf Coast, buyers are increasingly exploring areas along the Atlantic side. Many have discovered real estate along the banks of the Indian River, which is fact an estuary stretching 150 miles from above Miami to near Cape Canaveral. The Indian River has a lagoon, set between the Florida mainland and a number of narrow islands, which is becoming very popular with homeowners. The supply of land in this area is considerable due to the expanse of coastline and the land created by the meandering course of the river.
Although the largest houses of Indian River are priced at a premium, ordinary properties in the area are currently available at affordable prices. Buyers can pick up a small apartment or house for under £50,000, or a large house in a good area can be bought for under £250,000. It has been reported that now is a good time to purchase. Although prices were high last year, they have now dropped to a more realistic level and a future, steady growth in prices is expected over the next few years, with a forecast rise in population.
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In search of a cheaper and more peaceful alternative to the Gulf Coast, buyers are increasingly exploring areas along the Atlantic side. Many have discovered real estate along the banks of the Indian River, which is fact an estuary stretching 150 miles from above Miami to near Cape Canaveral. The Indian River has a lagoon, set between the Florida mainland and a number of narrow islands, which is becoming very popular with homeowners. The supply of land in this area is considerable due to the expanse of coastline and the land created by the meandering course of the river.
Although the largest houses of Indian River are priced at a premium, ordinary properties in the area are currently available at affordable prices. Buyers can pick up a small apartment or house for under £50,000, or a large house in a good area can be bought for under £250,000. It has been reported that now is a good time to purchase. Although prices were high last year, they have now dropped to a more realistic level and a future, steady growth in prices is expected over the next few years, with a forecast rise in population.
If you wish to see the original article please click here
posted by Obelisk International at 5:30 pm
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