Direct Call : 954-551-0236 / E-Mail : jenny_shin62@hotmail.com
NAR News (National Association of Realtors / 전미 부동산 중개인 협회)

Europe’s financial woes ripple to S. Fla. in real estate, trade, tourism, finance and more – Sun Sentinel * Coral Springs Real Estate Jennyforhome *

* Coral Springs Real Estate Jennyforhome *

MIAMI – July 6, 2012 – Europe’s financial woes may be South Florida’s gain – at least when it comes to real estate.

Europeans with extra cash are looking to invest faster in second homes in South Florida before the value of their euro currency drops further, real estate specialists said.

Euro-zone woes are rippling to South Florida in varied ways, raising concerns about trade, tourism, stock markets and even the broader pace of the U.S. economy and global growth.

International buyers from Europe and other regions accounted for about 15 percent of Florida’s real estate sales before the 2007 recession, and they’ve represented the bulk of cash buyers in recent years.

For Europeans with extra cash, now is the time to buy in South Florida, said Senada Adzem, director, Douglas Elliman real estate in Boca Raton, which specializes in high-end homes. Her European business is up this year, especially from U.K. and German buyers purchasing homes worth $5 million and more.

“The euro decline gives them a sense of urgency,” said Peter Zalewski, founder of Miami’s Condo Vultures, which focuses on condos east of Interstate 95. “It forces them to pull the trigger sooner rather than later.”

Many cash buyers from Europe are investing in areas where they figure they can rent out their apartments for a gain. That’s mainly downtown Fort Lauderdale and south, on or near the water, said Zalewski.

Copyright © 2012 the Sun Sentinel (Fort Lauderdale, Fla.), Kathleen Haughney and Doreen Hemlock. Distributed by MCT Information Services.

* Coral Springs Real Estate Jennyforhome *

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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