Tampa
Luxury Real Estate and Homes for Sale
The Best Tampa
has to offer on Luxury Homes
Our
presentation on Tampa Luxury Real Estate
can be found here:
Luxury
Homes for sale in the Tampa Bay area
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Here's
a brief sampler showcasing some of Tampa's
Luxury Communities:
The weakened state of the US dollar has
international property buyers flocking the
United States. Europeans and South Americans
have been buying Florida Luxury Real Estate
for the past year. It is anticipated that
the newly affluent Chinese won't be far
behind.
Affluent investors have seen their stock
market portfolios hurt by the downturn and
have been redirecting funds to the Florida
Real Estate scene. It is unlikely that higher
interest rates will bring high-end buying
to a halt. When the stock market picks up,
property investors tend to celebrate with
the purchase of Florida Real Estate.
Overall appreciation in real estate is
the primary driver in the growth of in the
luxury market, according to Laurie Moore-Moore,
founder of the Institute for Luxury Home
Marketing.
"The rising tide lifts the luxury
ships as well as the dinghys," she
said, reporting that sales of million-dollar
homes increased 500 percent between 1999
and 2004.
However, homeowners have also upgraded
like crazy. All those granite countertops,
hardwood kitchen cabinets, inground pools
and finished basements have helped send
values skyward.
Americans spent $133 billion on home remodeling
in the past year, according to a recently
released study from Harvard's Joint Center
for Housing Studies.
New homes, too, have contributed to the
proliferation of seven-figure homes. They've
bulked up so much lately that new houses
now average more than 2,300 square feet
in size, up from 1,900 square feet in 1987,
according to the National Association of
Home Builders.
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Copyright 2007.
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