Remember When You Were A Kid In A Candy Store?
For many Americans buying real estate in today's market after what we have gone through and are still going through can be a difficult proposition to stomach. In most cases those that do want to buy, typically have a home to sell. The challenge psychologically is that although they can buy at some incredilble prices, it typically means having to sell at equally discounted pricing.
For the Europeans, that have been coming to buy Cape Coral real estate for years, are now realizing that not only are the prices incredible, the exchange rate adds an ever further unexpected discount. Consider the follwoing example as it appears to a European in the market for a Cape Coral home.
2006 Luxury Waterfront Home Selling Price $1 Million
2008 Same Luxury Waterfront Home $800,000 +/-
Savings Today $200,000
But that is just the beginning. Now factor in the exchange rate of the Euro to the Dollar.
In August of 2006 the Euro exchange rate was about 1.25 to the dollar
In August 2008 the exchange rate is 1.55 to the dollar
This is an increase of about 25%.
So for those from Euorpe exchanging Euros to make their purchase now only need the equivalent of $600,000 to purchase an $800,000 home today which cost about $1,000,000 in 2006. This is a savings of almost 40% from 2006 pricing.
No wonder the flights from Germany are packed with opportunity seekers. They are like kids in a candy store with a fist full on money. Everything looks very inexpensive to them. Not only should it look inexpensive to those from Europe, but anyone (even us Americans) who has waited to buy real estate in Cape Coral.
Gulf access waterfront homesites are not being created any more. Cape Coral is a waterfront wonderland and offers something for everyone, and now that it is so much more affordable, don't miss out on your second chance in a lifetime to buy this one of a kind property at UNBELIEVABLE prices.
Villa Homes Of SW Florida offers tremendous savings on new custom luxury homes, whether we build on your homesite or ours.
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