Florida’s real estate ‘gold-rush’

Now is the perfect time to buy property in Florida, claims one expert…

Steve Parnell, author of ‘Buying and Selling Property in Florida’ recently commented: “recently news of America's nose-diving real estate industry and some troubles in the Florida market in particular might have some potential buyers frightened off.

“However, a closer look at the market and the facts shows that now is the ideal time to consider this subtropical paradise. In fact, based on figures from only a few years ago, British buyers can almost enjoy two homes for the price of one.”

Two for the price of one

David Giles, Director real estate agent Property Deals Florida, agrees, “Brits have certainly been enjoying their ‘two for the price of one’ dollar to the pound. The rate’s currently a favorable 2.01 USD per GBP, and as the American economy falters, overseas investors are now in the driving seat and able to negotiate substantial discounts.

“The predicted gold rush across the Atlantic is now building serious momentum. Florida has always been an attractive location for lifestyle holiday-home purchasers, but combine that with a weak dollar and it has now become a hot ticket for serious property investors and should remain so throughout 2008.”