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Florida tipped for US property success

29th July 2010 | back to article listings BACK    print this article PRINT

Florida has been tipped as a likely success story in the US property market over the next few years.

Analysing the state of the sector in the US, director at property portal Nubricks.com Adrian Samuel said the situation is highly varied, with some areas seeing very little activity but Florida having plenty of potential buyers looking for deals and "actually sales happening".

He concluded: "Florida is the one to watch, but the broader market of the US is still going to take a long time to recover."

Mr Samuel was commenting after figures produced this week by the US Census Bureau and the Department of Housing and Urban Development said that there was a 23.6 per cent month-on-month rise in house sales in June, a development he called "an anomaly".

A survey for the Worldwide Property Group revealed earlier this month that 62 per cent think now is a good time to buy a foreign property and Florida was one of the top destinations identified.

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