Being a powerful domestic economy, the increase in appeal of U.S Property among Foreign investors is attributed to its steady price hike and financial unpredictability.
Fairhope, AL -- (SBWIRE) -- 03/30/2015 -- Based on a report issued Monday by Junonia Beach Resort, an online real estate Company condo price hike decelerated within the fourth-quarter, rising just by 3% year after year,. Last quarter's expansion level for condos priced in the top 5% in markets was the least since 2012 — a large come down from a 16 % hike within the first 3 months of the year 2014.
Junonia also testified that delaying price growth was a pattern observed in the luxury condo market and through the overall market during 2014, subsequently one it anticipated might proceed this year.
Still, the entire downturn in luxury condominium price growth didn't sustain in several cities, where costs outpaced the rest of the real estate market just by double-digits.
For instance, luxury condos for sale costs in Miami Beach increased by 32 percent for the quarter and 66% in the previous year — a 41% point difference in-growth as compared to the rest of the Miami Beach market. The cost growth was pushed by an increase in investors from South America and Europe, based on the reports of the Junonia Beach Resort.
In numerous other cities, the high end real estate market chilled within the fourth-quarter, with costs in the top 5 percent of the market falling by double-digits every year while prices in the rest of the market demonstrated robust growth.
In Delray Beach, Florida & Boulder, Colorado, luxury condominium prices dropped by 18% year after year, whereas the costs in the rest of these areas increased by 5% and 12%, respectively. It is expected that along with breakaway cities like Miami Beach, some inland and coastal cities with a history of foreign ownership — Huntington Beach, California, and City of Chandler, Arizona, for instance — may likely increase to that standing in 2015.
About Junonia Beach Resort
Junonia Beach Resort, (http://www.junoniabeachresort.com), is one of the leading real estate company based in Fairhope, Alabama. Junonia Beach Resort provides exclusive luxury condos furnished with quality fittings and best amenities to enable its clientele to enjoy unobstructed Gulf view from the comfort of their homes.
For more information and other media related inquiries, please contact:
Metropolitan Statistical Area: Fairhope
State: Alabama
Country: USA
Contact Name: Green Circle Agency
Contact Email: howdy@greencircleagency.com
Complete Address: P.O. Box 1085 Fairhope, AL
Zip Code: 36533
Contact Phone: 800-773-6503
Website: http://www.junoniabeachresort.com