Tampa Bay Property Bubble Burst? Impossible

Tampa Bay Property Bubble Burst? Impossible

With property rates apparently on the rise and rising quickly in Tampa, there is a lot of talk about a real estate bubble in-the US and dire predictions that the so-called bubble might burst, leading to a lack of confidence on the part of people and people seeking an additional home. But while this talk of a bubble might be true in certain parts of America, it is maybe not justified in Florida, especially in the Tampa Bay and Clearwater parts.

Texas as a whole is enjoying an increase in house prices which promises to become a longterm trend. There are many reasons for this. To research more, you might want to gaze at: tampa kids activities. Browsing To success perhaps provides suggestions you might use with your mom.

Demand for real-estate in Florida is increasing. Houses are now being purchased for different reasons. Both American and European holiday makers view Florida as a leading summer holiday location and flock there each summer and historical evidence suggests that this number is rising sharply and is having an important economic effect on the region according to VISIT FLORIDA research.

Old Visitor Numbers (in Millions)

Year Total

1999 58.9

2000 72.8

2001 69.5

2002 73.9

2003 74.6

2004 79.7

Historical Financial Impact

Whole Tourism Paying 1999-2004:

1999 - $44.6 billion

2000 - $48.5 million

2001 - $48.6 million

2002 - $49.5 billion

2003 - $51.5 billion

2004 - $57.0 billion

Total State Sales Tax Revenues from Tourist 1999-2004:

1999 - $2.7 billion

2,000 - $2.9 million

2001 - $2.9 billion

2002 - $3.0 billion

2003 - $3.0 million

2004 - $3.4 million

Number of Individuals Right Employed by Vacation Industry 1999-2004:

1999 - 826,200

2,000 - 842,900

2001 - 864,500

2002 - 862,900

2003 - 871,000

2004 - 912,700

This growth in visitors is because of Florida's many attractions, many of which are close to Tampa Bay. The excellent shores, the night-life opportunities, tennis and other sporting opportunities whether playing or being a spectator, journey sides and the theme parks, Disney, of program - and the numerous aspects of pristine beauty. And, if any such thing, this annual visitation is set to increase again because the Super Bowl concerns Tampa in 2009. This will be the next Super Bowl to be held in Tampa. It's a dramatic effect on our area's wealth.

The growing financial prosperity also makes Florida generally speaking and Tampa Bay particularly a great spot to find a job or start a business. In 2004, Florida was rated no 2 as you of the greatest places in The United States for start-ups. More and more companies will also be transferring their headquarters to Tampa, as-well. To discover more, please have a look at: the best summer camps. Tampa is now being called the 'Gate way to the Florida High Tech Corridor', because companies are being offered a matching grant pro-gram that's created more than $120 million in applied re-search. 225 organizations have previously taken advantage of this.