August 29, 2007
Property in Florida looking to a bright future?
The past year has seen the market for property in Florida take a bit of a slow turn. Much of this is due to an oversupply in housing.
Nonetheless, tourism is Florida’s number one industry. With visitors to the state showing no sign of abating, property in Florida could still be considered a sensible investment - if not in the short-term.
Kim Williams from Special Dreams property management in Florida says, “There is currently a lot of speculation about the longevity of the housing market as a good investment. There are so many homes being built here but I think there is still a good opportunity for investment if you are in it for the long haul.”
The great amount of property in Florida is good news for those looking to purchase: it really is a buyer’s market.
Andrew Bartlett, an independent property consultant, says that British investors can easily pick up a Florida bargain. This is especially the case due to the strength of the Pound against the Dollar. But Bartlett warns that, even given these conditions, not every Brit ends up with a bargain. “All too often British buyers pay way over the odds for the wrong property,” according to Bartlett.
In scouting potential properties, it would be good to compare prices first. One should not be rushed into anything for this will maximize the chances of securing the best property in Florida based on one’s budget.
Interested buyers can pick up a fully furnished, six-bedroom property in a gated-resort in Orlando (one of the best regions for property in Florida with year round rental income) for $509,500 (approx. £260,000) through MRI Overseas Property. The price includes access to fitness centre, pool, gym and games room.
Also available in Orlando is a condominium resort of 288 two and three-bedroom apartments being completed. The Tuscana development provides property owners with access to a $2 million clubhouse complete with 35-seat private viewings cinema, a fitness centre, Tiki bar, snack bar and convenience store. There are 25 condominiums left for sale at Tuscana priced from $360,000 for a two-bedroom and from $390,000 for a three-bedroom property, inclusive of a full furniture package.
Posted on: Florida
Related articles
Recent Posts
- Living and Working in Florida
- Living and Working in Florida: The Floridian Lifestyle
- Golf Property on Course for World Domination
- Exploring Provence and the French Riviera
- Do French regions matter? Climate Change
News archive
- November 2007 (25)
- October 2007 (64)
- September 2007 (38)
- August 2007 (46)
- July 2007 (4)
- June 2007 (3)
- May 2007 (3)
- April 2007 (1)
- March 2007 (16)
- February 2007 (12)
- January 2007 (2)
- December 2006 (4)
- November 2006 (9)
- October 2006 (7)
- September 2006 (18)
- August 2006 (5)
- July 2006 (4)
- May 2006 (2)
- March 2006 (2)
- February 2006 (2)
- November 2005 (1)
- October 2005 (7)
- September 2005 (7)
- August 2005 (2)
- July 2005 (4)
- June 2005 (2)
- May 2005 (2)
- April 2005 (1)
- March 2005 (1)
- February 2005 (3)
- January 2005 (4)