Canadians Snatching Up Property in Cape Coral

Property in Cape Coral has long been on the radar of UK investors, eager to establish a base in sunnier climates for the winter but without the challenge of a language barrier.  Canadian buyers have the same idea it seems, with their land and property purchases playing a large role in the recent resurgence of the Sunshine State's housing market.

Latest figures reveal that property prices for Cape Coral land have surged 12 per cent from the low-point reached in April 2011.  This compares favorably to the overall US average as the national housing market has seen an upturn of nine percent.
Canadian buyers are doing much to support prices in Florida, particularly property in Cape Coral, as they head south to avoid the snow season at home.  In 2010, Canadians accounted for 36 per cent of all real estate purchased by foreigners, and more than 500,000 nationals currently own property in Florida.

Beyond the obvious attraction of great weather and beautiful beaches, there are two factors that are making property in Florida to buy an especially good value for Canadians.  The first is that Florida properties are a bargain compared to real estate in Canada.  The median priced home in Florida is nearly half of a home in Canada.  At the same time, the Canadian dollar is trading nearly ten per cent above 'fair' value versus the US dollar, arming snowbird shoppers with extra buying power.
In terms of Florida real estate locations, the Sarasota-Bradenton-Venice region proves most popular among Canadian investors (17%), ahead of Orlando-Kissimmee (13%), Miami-Ft. Lauderdale-Palm Beach (13%), Cape Coral-Ft. Myers (9%) and Tampa-St. Petersburg (9%).

Foreign consumers may invest in FL land for sale for a number of reasons.  While many desire a second home and a warm haven for the winter others recognize the potential rental opportunities, particularly where overseas tourists are concerned.  Others may desire Florida real estate as they approach retirement and consider a new life in a foreign land.

To learn more about purchasing property in Cape Coral contact Cape Coral’s own Zadooland.com at (239) 333-2221 and find out all the great opportunities this sunny city has to offer!


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