August 4, 2007
Florida developer launches its own estate agency
To provide more properties in 11 established and emerging markets, Feltrim International, a US property developer, joined forces with a selection of new homebuilders and developers.
These markets will focus on areas in Bulgaria, The Caribbean, Cyprus, Egypt, Florida, Italy, Morocco, Portugal, Romania and Spain with plans to expand into other areas. “The main reason I launched this company is because of the overwhelming demand from clients and investors alike, who are looking for top quality properties, but who want to deal with a reputable company who understand their needs,” reveals chairman Garry Kenny.
Posted on: Florida
August 2, 2007
FLORIDA PREPARES FOR EMINENT DOMAIN RESTRICTIONS
Voters in Florida are gearing up for a ballot on November 7 that should strengthen the property rights of individuals against local and state authorities using eminent domain (compulsory purchase) legislation. The bill – which would become the Eighth Amendment to the state’s constitution if passed – would require the use of eminent domain for the transfer of property to private developers which will be approved in each individual case by three-fifths of each house of the Florida State Legislature.
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Posted on: Florida
June 27, 2007
Fractional ownership in Florida
A new development in Charlotte County, Florida is going to allow investors the opportunity to purchase one-quarter of a five-star villa. The scheme is different to “timeshare” programmes as each investor will own the Title (freehold) to the Florida property.
The furnished villas are located in the Golf of Mexico and are marketed by Florida Gold Homes. Each comes with a private heated pool and fitted kitchen appliances. Runnings costs are shared and maintenance and management will be in-house. The main benefit for those who purchase the property is the ability to sell it in the Florida property market in the future and enjoy the possibility of capital appreciation.
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Posted on: Florida
March 16, 2007
Buyers Market in Orlando Florida
The property market in Central Florida has shifted in the past year from a seller’s market to a buyer’s market. While there are still some areas that have reported gains in prices and value, the overall property market has definitely changed. This means that it is the best time to buy and invest on real estate in the Sunshine State. It is an even better time for international property investors with the dollar being so low against foreign currencies.
Posted on: Florida
Florida prepares for eminent domain restrictions
The Sunshine State received hot news in the property investment industry lately. Voting citizens in sunny Florida are gearing up for a ballot on November 7 that should strengthen the property rights of citizens against the use by local and state authorities of eminent domain (compulsory purchase) legislation.
Posted on: Florida
March 13, 2007
Property in Florida Looking to a Bright Future?
Blame it on housing. When the market for properties in Florida took a slow dive, then there is no one to blame than oversupply in housing. Lana Clements reports this fact.
But still, tourism in Florida is fast booming and with the influx of more people and more attractions, then there is no stopping it. If this is the case, Florida is still considered the best place to invest your money in – with properties for you and your family.
According to Kim Williams, Special Dreams property management in Florida, “With so many good properties here in Florida, it is quite best if you put your money here – for the long stay. There are many inquiries and speculations about putting your money here, and I think this is a viable option for you and your family.” With so many good properties here in Florida, the good news is that it is really a buyer’s market for those who want to purchase a property here.
Posted on: Florida
February 25, 2007
FLORIDA DEVELOPER LAUNCHES ITS OWN ESTATE AGENCY
US property developer Feltrim International has joined forces with a selection of new homebuilders and developers to offer buyers properties in 11 established and emerging markets.
Initially, Florida-based Feltrim International is concentrating on the warm and sunshine countries of Europe such as Bulgaria, Cyprus, Egypt, Florida, Italy, Morocco, Portugal, Romania and Spain, and in Central America such as The Caribbean. It also has plans to expand into other areas of the world.
Posted on: Florida
September 26, 2006
Winter break in the Florida sunshine: Visa considerations
Vacationers who wish to stay in their Florida property from October to March each year will have visa restrictions to consider. As non US residents, overseas property owners won’t be able to visit their homes in Florida in the summer. “The Visa Waiver scheme allows British residents visits of up to 90 days without the need of having to apply for a visa”, says Gordon Robinson of Florida Gold International Real Estate. “Generally you can have two visits per 365 days, but make sure you do not exceed this as you could be refused entry the next time you arrive in the US”.
The maximum period a foreign national is allowed to stay in the country is six months. To be permitted to stay that long, a foreigner must apply to the local US Embassy for a B-2 visa and convince the attending consular officer that the nature of the trip to Florida is temporary. The foreign national must be able to prove that he or she has full-time residence outside of the States. So whatever the reason is for purchasing Florida real estate, the foreigner will be limited to spending only half of any one calendar year in it, assuming the foreign national is not emigrating to the States permanently.
Posted on: Florida
September 14, 2006
Winter break in the Florida sunshine: Location dilemmas
With the financial gains that come with owning a home in Florida, many British property owners in the Sunshine State are choosing to let their house out when they are not staying in it. However, this presents a dilemma when choosing where to make the investment. “You tend to find that Brits looking for a winter hideaway will want to buy on the West Coast rather than, for example, in Orlando”, observes Suzanne Morrill of World of Florida. “I think the reason for this is that Brits look at Orlando as being the main vacation area whereas on the Gulf coast there is more of a community feel for them to integrate into over a period of time.”
Posted on: Florida
September 12, 2006
Winter break in the Florida sunshine: In the right zone
Those wintering in Florida and wish to let their homes out during the summer must make sure they are aware of zoning restrictions that exist in their area. “There is not really an issue with long-term lets”, explains Suzanne Morrill of World of Florida. “Even if you buy on a short-term development or in an area where short-term lets are permitted, you can stay for as long as you wish.” Morrill adds that if the property owners find that people are going to use their property for a long period, then they purchase on a residential development rather than on a vacation development. “In fact, if the owner wishes to let the home out long-term then it would be more beneficial for them to buy on a residential development.” Morrill goes on to say that the only thing that the property owners have to be sure about “ is that they will never wish to use it or let it on a short-term basis, as this would not be allowed.”
There is a great sense of community in the state’s coastal resorts, particularly in the area of the Gulf Coast which stretches from Tampa to Naples. This area promotes itself heavily to snowbirds, or winter vacationers. Because of this, there tends to be fewer areas which are zoned for short-term lets there than in tourist-friendly Orlando. Orlando is more geared towards short stays of one or two weeks.
Posted on: Florida
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