Florida real estate market 'expected to improve' in 2012

The property market in south Florida is expected to see international sales rise in 2012, supporting its already buoyant real estate sector.

This is the opinion of experts who attended the Miami International Real Estate Congress, the Miami Herald reported.

Speaking to the delegates, Moe Veissi, president-elect of the National Association of Realtors (NAR), asserted that the state has the "best global real estate market we've ever seen in this country".

He added: "This is an excellent time for an investor to buy in south-east Florida."

According to the news provider, Mr Veissi predicted a strong performance from the property sector in the region during 2012, noting that Florida now accounts for almost one-third of all real estate purchases by foreign investors in America.

Meanwhile, NAR president Ron Phipps recently highlighted the increasing number of overseas buyers looking for a US property. He stated that many international investors "understand the value of owning a home in the US".
 

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