Vacation homes and Investment Properties – Strong and Steady
5 October 2009
The movement may be slow but the investments and purchases of vacation homes and other luxury properties by foreigners continue to maintain momentum. This is providing just enough juice to prevent the hose sales market wheels from grinding to a complete halt which would mean the loss of hundreds if not millions of jobs in all sectors. A rise of 11 percent from last year’s figures from 21% in 2007 to 33% to this day, it means that the market, in that avenue anyway is still going strong. The typical vacation home buyer was in their late 40’s till early 50’s and that they were investing indeed for their vacationing needs. Bothe foreign and local buyers are still doing shopping in spite of the problems being experienced in local house sales.
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