Buying property in Florida continues to thrill: Blown away

In spite of the growing property prices and the persistent hurricanes, real estate in the Sunshine State still continues to thrive. Brits are still buying property in Florida in spite of the hurricanes.

Every year, between the months June and November, Florida suffers and survives a torrid hurricane season. In 2005, Florida was ravaged in quick succession by three of the most destructive storms in its history – Charley, Frances and Ivan. In 2006, Florida has endured yet another huge storm when Hurricane Dennis hit parts of Florida, especially the north-west, in July.

Yet in spite of the continuous threat of tempests, Florida’s popularity with homebuyers and real estate investors hardly abated, particularly among Britons. “In my experience I don’t think the hurricanes make a significant impact on the decisions of Brits looking to purchase,” claims Suzanne Morrill of World of Florida. According to Morrill, she had never seen a drop in prices due to a storm.

However, with the risk of hurricanes hovering over homeowners, relevant home insurance is highly recommended. “You have to have ‘hazard insurance’ which is equivalent to buildings and contents insurance in the UK”, advises Karen Evans of Executive Villas 4 Florida. According to Evans, a hazard insurance should cover most things that can happen in the event of a hurricane, including loss of earnings if the property is a rental home.

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Buying property in Florida continues to thrill: Blown away

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