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With property prices seemingly on the rise and rising quickly in Tampa puma basket heart rendelés , there is a lot of talk about a real estate bubble in the US and dire predictions that the so-called bubble could burst, leading to a lack of confidence on the part of investors and people seeking a second home. But while this talk of a bubble may be true in some parts of America, it isn't justified in Florida, particularly in the Tampa Bay and Clearwater areas.
Florida as a whole is enjoying a rise in property prices which promises to be a long term trend. There are many reasons for this.
Demand for real estate in Florida is increasing. Homes are being bought for various reasons. Both American and European holiday makers view Florida as a premier summer holiday location and flock there each summer and historical evidence suggests that this figure is rising sharply and is having a major economic impact on the region according to VISIT FLORIDA research.
Historic Visitor Numbers (in Millions)
Year Total
1999 58.9
2000 72.8
2001 69.5
2002 73.9
2003 74.6
2004 79.7
Historic Economic Impact
Total Tourism Spending 1999-2004:
1999 - $44.6 billion
2000 - $48.5 billion
2001 - $48.6 billion
2002 - $49.5 billion
2003 - $51.5 billion
2004 - $57.0 billion
Total State Sales Tax Revenues from Tourism 1999-2004:
1999 - $2.7 billion
2000 - $2.9 billion
2001 - $2.9 billion
2002 - $3.0 billion
2003 - $3.0 billion
2004 - $3.4 billion
Number of Persons Directly Employed by Tourism Industry 1999-2004:
1999 - 826,200
2000 - 842 puma creepers fehér ,900
2001 - 864,500
2002 - 862,900
2003 - 871,000
2004 - 912,700
This growth in visitors is due to Florida's many attractions puma creepers fekete , many of which are near to Tampa Bay. The superb beaches, the night life opportunities, golf and other sporting opportunities whether playing or being a spectator, the theme parks and adventure worlds, Disney puma suede cipő , of course - and the many areas of unspoiled beauty. And, if anything, this annual visitation is set to increase again as the Super Bowl comes to Tampa in 2009. This will be the fourth Super Bowl to be held in Tampa. This has a dramatic effect on our area's prosperity.
The increasing economic prosperity also makes Florida in general and Tampa Bay in particular a good place to find a job or start a business. In 2004, Florida was ranked #2 as one of the best places in America for start-ups. More and more companies are also relocating their headquarters to Tampa, as well. Tampa is now being called the "Gateway to the Florida High Tech Corridor" puma rihanna cipő , because companies are being offered a matching grant program that has generated more than $120 million in applied research. 225 companies have already taken advantage of this.
The area has relatively low real estate prices and a lower cost of living and higher employment statistics compared to the rest of Florida and to other states in America, despite recent increases. The median value for a home in Florida was $189,500 last year, significantly less than similar homes in California where the median home value was $474,370. (Source: ). In Tampa Bay puma creepers velvet rendelés , it was less again.
Florida, including Tampa, also enjoys the advantage of having slightly more favorable property taxes compared with other parts of the US, no state income tax and better car insurance rates. The education system has undergone considerable improvement over the past number of years. And the Tampa area also has some of the best commute to work times in the country.
Tampa Bay is perhaps the ideal place not just for the baby boomer buying a second house or holiday home, nor just for the property investor seeking to increase their footprint in the holiday rental market puma creeper rendelés , but also for people starting out in life or those seeking a retirement home.
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