The Holy Grail of many international real estate investors is the good deal on a beachfront home. Fortune magazine, had an article about the deals that are now available in the US due to the real estate crisis.
This article talks about the price implosion in Florida’s panhandle, among other battered locations. After a 25% - 30% swoon, you can now get a beachfront condo for less than $500,000. Big deal!
I know it’s a long way down here, but for that kind of money, you can get a small but nice place in La Bara. By the way, the panhandle ain’t up to La Bara standards; not by a long shot. For $200,000 a nice beach house can be had in the greater Piriapolis area.
Does it mean real estate here is a bargain? That’s impossible to say. However, if your primary motive is a second home, not wild speculation, our pristine coastline deserves a look.
Stay Tuned!
Steve Bowman
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