Investors: More Sales and Higher Prices

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I work with investors who are looking to purchase a rental property in the Naples area.  You can use the rental as either an annual or a seasonal rental depending on your use needs.  Do you want your investment to grow while you visit other parts of the world and don’t worry about your Naples property?  Then annual rental is for you and our rental prices have increased dramatically over the last couple of years.  Want to use the home yourself in the off season and enjoy Naples vacations?  Seasonal rental is for you and the demand is much higher than the supply so you can be guaranteed rentals for January, February and March.  Call me today and I will help you find the best community for your needs.  This article with information gathered by the National Association of Realtors should help make your decision easier.  Get into the market now before the prices go up again!

The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors.  Information on the vacation home market is also available.

The survey revealed that investment-home sales in 2015 jumped 7.0 percent to an estimated 1.09 million from 1.02 million in 2014.

Investors: More Sales and Higher Prices | Simplifying The Market

Lawrence Yun, NAR’s chief economist discussed the increase in the number of sales:

“Despite a smaller share of distressed properties coming onto the market, investment purchases reversed course in 2015 after declining for four straight years. Steadily increasing home prices and strong rental demand appear to be giving more individual investors assurance that purchasing real estate will diversify their portfolios and generate additional income if they decide to rent out the home.”  

Prices Are Also Up

The price paid by investors also increased in 2015 by 15.3%.

Investors: More Sales and Higher Prices | Simplifying The Market

 

 

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