Property in Florida looking to a bright future?

Tourism is still the number one industry in the Sunshine State in spite of the fact that the past year has seen the market for Florida property take a bit of a sluggish turn. Visitors are still flooding in to Florida; therefore buying property can still be considered a sensible investment, although not necessarily in the short-term.

“There is currently a lot of speculation about the longevity of the housing market as a good investment,” shares Kim Williams from Florida Special Dreams property management. “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 number of properties in Florida translates to good news for property buyers: it really is a buyer’s market.

According to Andrew Bartlett, an independent property consultant, British investors can easily find a Florida bargain. This is due to the strength of the Pound against the US Dollar. Bartlett adds that, in spite these conditions, not every Brit ends up with a good price. “All too often British buyers pay way over the odds for the wrong property,” explains the consultant. He advices to take time out to look around, compare prices and to avoid making any rash decisions. This way, buyers can be guaranteed the best property at the lowest price.

For $509,500 (approx. £260,000), one can own a fully furnished, six-bedroom property in a gated-resort in Orlando. The price also includes access to several facilities like the fitness centre, pool, gym and game room. Orlando is currently one of the best regions for property in the Sunshine State with year round rental income.

Posted on: Florida

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Property in Florida looking to a bright future?

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