Inflation figures for the UK economy are out and inflation is currently per the CPI index (Consumer Price Index) at 3.1% more than one point above the governments target of Inflation at 2.0%. This is what has helped the pound rise against the dollar to its 15 year high of $2 to £1…however the exchange rate was trading yesterday within half a cent of a thirty year high!

However this growth in the UK economy makes a further exchange rate rise in the Bank of England Base rate more than just likely…

What does this mean for Florida property and mortgages? well…quite simply now is the time to buy, this could be the last good opportunity to buy or refinance a Florida property. This is coupled with figures released today saying that the current buyers market in the area is looking like it is coming to an end, the number of new builds is up and the number of building permits has increased for the second month in a row.

So, with a good exchange rate, a good fixed rate mortgage and the market at the bottom possibly on the cusp of a good level of capital growth, it looks like now is the best time yet for Brits to buy in Florida.

None of the information contained in this blog/blog post constitutes, nor should be construed as Financial Advice.