Naples Shrinking Property Values

Naples, FL. is known for its increasing property values. Its warm winters, warm gulf waters, beaches, etc. have traditionally been the drivers of these escalating values.

As far as I know, Naples has never been known for Foreclosure filings.

But, then again, the U.S. financial crisis has come along and helped change all that.

The late oil billionaire, J. Paul Getty, was quoted as saying, "I buy when everyone else is selling."

If that is the case, then it is definitely time to buy residential real estate in Naples.

Since the fourth quarter of 2005, property values have plundered down approximately 20%-70%, depending on location.

Mortgage interest rates are low, Florida property taxes have been reduced as has homeowner insurance premiums.

For those who want to own a piece of paradise you can do so at a bloody good price!