Reply To: Spanish property market 2007/2008 report discussion

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Anonymous
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The Florida Gulf coast is way down in price since the late 2005 peak, many properties that were selling for circa $800 to $900k are now on the market for $550 to $700 with very few takers and the number of repos is going up by the week!

In Naples, Fort Myers, Cape Coral etc there are quite a few example of new builders/developer so desperate, prices are being slashed. Florida is 18 months to 2 years ahead of other US markets but still has further to fall due to the huge number of properties bought as speculative investments comming onto a market with few buyers!