The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1919-02-17
REAL ESTATE is COMING BACK

REAL ESTATE IS COMING BACK
Most encouraging are the reports
IF real estate activity In number Of
the cities in Florida, notably Miami,
Palm Beach, st. Petersburg and the
other popular resort cities. Sales Of
properties at all prices are reported
and plans for hotels, business bu.ii.
ings and residences are being mada
for construction the coming spring
and summer.
All this ia very encouraging In
more ways than one. It not only
means that Florida has come right
back after the war but that the peo.
pie have the utmost confidence In 1t
as an investment proposition and II
also means that there will be plenty
Of employment for the building trades
during the year. With the return Of
the soldiers and the reorganizing OF
the shipbuilding plants on peace
time basis, many Of the carpenters
and builders have become available
for building work and this will mean
a revival Of the construction that
was at standstill for two years.
Jacksonville Is taking the hint and
falling in line. During the winter
there has been such demand for
houses by new residents that every
new house and every house that was
for sale has been practically disposed
of and there is still an urgent demand
for houses and apartments. It Is on
/ ly since the first Of the year that va
cant property has begun to move with
its old time spirit. For nearly five
years there has been little activity In
vacant lots and the prices have re-
manned practically the same during
that period, some Of them being
slightly reduced where owners are
anxious to sell.
Since the first of nineteen nine
teen the conditions have been chang
ing rapidly and there is evidently 60
ing to be revival Of real estate that
will sound like old times, with the
inclination to initiate values elimi
mated, as the property owners ant
real estate operators have learned
their lesson and values will be raised
on conservative basis hereafter. Al
an evidence Of the increased demand
for desirable residence property it II
known that an entire block in Spring
field has been sold, with the excep
ton of two or three lots, during tn
past forty days, the sales Of thi
: property agregating $4,000. Thu
owner Of this property, encourages
by the active demand for good lots
has decided to place another section
on the market In desirable subur1
and has appropriated substantial
amount for advertising this propert,
=, The reduction Of lumber prices an
cost Of building materials generali
has encouraged many to build and i
TALL sections Of the city can be see
new houses and business structure
7 going up. On Thursday there wer
three building permits issued In Jacl
& sonville aggregating $1,000. As mos
9 Of the houses have been built in sui
d urbs outside Of the city limits, til
!. building permits are deceiving, d
o they do not show on the records. I
q South Jacksonville over 200 me-
II houses have been built ii. the par
d six months and many Of them ar
n now occupied, in fact they are occ'
. pied as fast as they are completed.
n 1t is generally conceded that tn
z values of vacant property In jackson
u vile are now at a reasonable stag
g not having been increased for seye
u al years and with the building can
paign and the own your home can
z paign just starting 1t is believed thu
: values will rise steadily, althoug
conservatively. Shrewd investor
Ie have always bought on a rising ma
i ket and that Is what is probably Il
u ducing so many to buy at this time
~ Jacksonville. -Jacksonville Times-U u
ion.