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September 5, 2006

Buying property in Florida continues to thrill

Disney World has transformed the Sunshine State from a southern US backwater into a property investor’s dream. In fact, Florida was recently ranked first in a survey conducted by Internet travel agent Ebookers to find the most popular holiday destination for British residents. Recent data from the Office of National Statistics suggests that around 2,000 British residents bought a property in Florida between 2003–04.

Things have definitely changed for Florida. Over 4 decades ago, the state had the smallest population in the southern United States. It was hardly featured as a tourist or holiday destination. Now, Florida has the second largest population in the southern United States.



These changes started in 1963 when the Disney brothers decided that some wasteland south-west of Orlando in central Florida would be the perfect location to build a new, grander version of the Disney Land Resort theme park that had opened in California eight years earlier. Disney World in Florida opened in 1971. It has since then grown massively in size and popularity.

Today, Disney World, made up of four theme parks, five world-class golf courses, two water parks, and covers a total land area of 116 square kilometres, is visited by an estimated 40 million tourists a year. Property around the area has become a much sought-after commodity as a result. Buyers are not just those looking for a holiday home, but also those on the lookout for sound investments.

Posted on: Florida

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