Florida Best for Brits
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Now is the time for Brits to buy property in Florida, according to the overseas property specialists, DSR.
The Pound currently at a 26 year high against the Dollar and the prospects of recession across America have created the perfect storm and more and more UK buyers are hunting down bargain Florida property.
Residential property values in central Orlando fell faster than the national average during the first quarter of 2008, with the average home losing 6.4 percent in market value since the end of last year. Yet in the Channelside district, one of the most vibrant and upcoming areas of Tampa, Florida, the market troughed a while back, and property prices are expected to grow around 10 percent per year over the next few years.
DSR's The Slade is currently the only off-plan development in the Channelside District. With the pound strong, £144,000 will now stretch a lot further and buy property equipped with 2 level fitness deck, infinity edge pool, salt-water pool, roof-top sun-deck and a host of other amenities in a vibrant area awash with regeneration; a completed development two blocks away now has units selling for 1 million USD.
With prices this low, now is the time to enter Florida's buyers market where there is healthy job growth and where the oversupply of good quality housing is not due to an economic downturn, but to overbuilding which will balance out as demand continues to grow.
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