Confidence is slowly beginning to return to the real estate market in Florida,
according to the results of a recent survey.
The University of Florida has claimed that the outlook for new single family homes, offices, retail units, land investment and capital availability continued to improve during the fourth quarter of 2010.
According to the education institution, much of the increase in confidence is a result of happenings in the political arena, with the defeat last fall of Amendment 4 - a proposed constitutional change that would have meant any changes to local government comprehensive land use plans would have required a referendum.
Timothy Becker, director of the university's Bergstrom Center for Real Estate Studies, added that the conclusion of mid-term elections also played a role in investor sentiment.
"The state welcomed a new governor who has promised to make Florida a more business friendly state," he said. "If he can succeed on his goals, respondents believe it will have a positive impact on the Florida real estate market.
- Wednesday 09 February 2011