The luxury of…Connection.
Today’s international real estate market requires highly specialized professionals who are well versed in global markets and are well connected with a network of localized resources. Unlike any other luxury real estate firms, Naples Meridian understands this and has created a premier international model that is consistent worldwide. Our brand strives to stand well above the competition, connecting our clientele with the most sought after Florida investment properties and the best in both local and international service.
Investing in Naples
Naples is at the Southwest tip of Florida’s Gulf Coast and is often referred to as “The Paradise Coast” for its idyllic setting. The area features miles of white-sand beaches, proximity to countless nature preserves and the self-proclaimed title of “Golf Capital of the World.” CNN and Money Magazine both recognize Naples as one of the top five “Best places for a long life in the United States,” due in large part to the area’s entrepreneurial energy, outdoor lifestyle and performing arts community.
Esteemed Value and Luxury Lifestyle
Naples is a world-class destination for discerning international buyers who are in search of the perfect holiday setting or second home investment. A host of local colleges and universities in this growing city provides excellent educational opportunities to people of all ages. The Naples Community Healthcare System is the cornerstone of the area’s medical community, with more than 500 physicians who service two hospitals and 26 satellite facilities. Buyers may choose from a variety of luxury homes, many with direct water access or private villas nestled within exclusive golf course communities; all at prices that are a welcome surprise.
Local Market Conditions
Real estate is extremely local in nature and since January 1 , 2013 there have been 1,522 closed sales in Naples with an additional 2,564 properties under offer. Annual inventory figures in 2010 were reported at 9,125 an astounding 3.600 properties have been absorbed in the last 36 months.
“Changes in inventory at some point may become an issue and a continued decline in inventory will produce some upward pressure on prices.” Dr Shelton Weeks, Department Chair of Economics and Finance, Florida Gulf Coast University(Naples)
Statistics for single family homes and condominium sales have been compiled for February 2012-February 2013 by the Naples Area Board of Realtors which tracks home listings and sales within Collier County:
- Pending sales increased 20 percent $ 300,000 to $ 500,000 category.
- Pending sales increased 26 percent in the $ 1 million to $ 2 million category.
- Median closed price increased 17% from $180,000 to $ 211,000 .
The momentum in the local Naples real estate market began to build in September 2012 and the initial results of the buying surge were reported by Naples Meridian in February 2013.
So what’s next? Buyers in March 2013 associated with our brokerage Downing-Frye Realty, Inc continue to purchase property in droves as the email excerpt below outlines:
“ Through March 7, 2013 Downing-Frye agents have turned in 858 pending sales compared to 796 for the same period last year. The strongest sector increase from January 1- March 7 2013 has been the $ 250,000 – $ 500,000 sector with 244 pending sales being submitted compared to 185 pending sales last year. The $ 1 million category has remained unchanged and overall sales volume is up 10%.”
- Mike Hughes, General Manager
International Investment in U.S. Real Estate
For individuals in search of second residences or investment properties outside of their home countries, the United States is a very attractive option. The latest profile of international activity in the U.S. housing market published by the National Association of Realtors has revealed that Florida investment homes have been dominant in international sales for at least the last 4 years with Middle Eastern and African investors spending almost $1 billion on properties in Florida in recent years.
According to Find and Country CEO Omer Ghani, “Low prices combined with the fact that Florida has historically had one of the highest in-migration rates among all the U.S. states and one of the highest population growth rates, makes it the most favored destination for foreign buyers” - Source: Gulf News (United Arab Emirates. ) Nair, Manoj
The following are only a few factors that make the United States a compelling destination:
SAFETY OF INVESTMENT: The United States is one of the safest countries for international investors. An established political system coupled with a highly developed legal structure offer ironclad guarantees against expropriation and other threats to property ownership.
PERSONAL FREEDOMS: The United States represents a true democracy and is a “melting pot” of diverse races and cultures. Individuals are free to express social or religious beliefs without fear of prejudice, persecution or intolerance. Expatriate investors often feel at ease in the United States and enjoy their lifestyle as much as in their home countries.
EASE OF OWNERSHIP: Unlike many other countries, the United States has virtually no restrictions on foreign ownership of real estate. Individuals, corporations and investment vehicles encounter some of the most streamlined procedures for acquiring real estate.
LOW TAX BURDENS: The ownership of real estate in the United States is not encumbered by numerous tax burdens. The only tax an owner pays is an annual local property tax.
PROFITABLE EXPERIENCE: International investors have historically profited from real estate in the United States. Price appreciation generally exceeds the rate of inflation, offering returns that compete with global stock market investments.
Contact us to receive a complimentary prospectus with properties that meet your criteria and a current local market report required to make a timely and informed purchase.