Monthly Archives: October 2007

DOLLAR FALLS AGAINST POUND!: 5 Bed Pool Home For Just Over £100,000

A quick post about the current exchange rate where the Dollar is currently trading at $2.066 to £1.00.

This is an amazing exchange rate. On the 5 bed 3 bathroom Villa with Pool blogged about last week the current price of $225,000 would equal £108,906.09 – Imagine that! A 5 Bed Pool home near Disney for nearly half the price of an average Flat (£196,505 as of Sept 17th 07) in the UK -Now is the time to grab your slice of the sunshine state!

The time to act is now! With prices the lowest for years and an exchange rate which is the highest for decades!!

CALL US TODAY ON OUR FREEPHONE UK NUMBER

0800 096 5989 TO LET US HELP YOU FIND YOU A

BARGAIN FLORIDA PROPERTY!

Brits Buying Abroad! Florida Property High On List

With the weather in the UK turning to winter it is no wonder Brits accross the nation are looking to sunnier climates to take away the chill.

However, a leading publication and a leading property website have reported that a growing number are looking to buy holiday homes in their favourite holiday spots!

Spain is popular with short haul but Florida really is top when looking for a long haul holiday home.

HiFx the Currency exchange experts have reported that 29 million Brits would like to buy a property abroad with 11 million that could actually own one in the coming 5 years.

Reasons for owning are more concerned with a lifestyle choice rather than making money from the property – in 1995 the average price of a property purchased abroad was 65% compared to UK prices, by 2005 just ten years later this had shrunk to 37%.

HIFX also found that 62% of people looking to buy abroad are looking to escape the UK weather whilst 50% are looking to buy to escape the long working hours, high taxes and stressful busy life in the UK, whilst 25% are considering making their move permenant!

Country Life says that 31% of Brits are looking to buy a holiday home with a quarter doing so to avoid the stresses of going on holiday.

They say that 6 in 10 plan to live abroad permenantly and a fifth are looking at leaving for retirement – 17% plan to leave the UK within 5 years.

If you are considering buying a holiday home in Florida please contact us today to see how we can help you make your dream of owning a Florida home a reality!

Florida Mortgages: GE Money’s British Mortgages Abroad Withdraws Lending in Florida

The British Homes Group were pioneers in the formation and launch of the British Mortgages Abroad program and their Director of Operations, Lee Weaver has commented on the programs withdrawal as well as the current situation in Florida.

“Now is the perfect time to buy”, notes Weaver, “with property values dipping and the pound continuing to trade at a 26-year high against the dollar, a strong buyers market has emerged once again for British investors in the ‘Sunshine State’ – especially when combined with highly motivated builders and individual sellers.

Business for the British Homes Group is booming with a high level of enquiries on purchasing a Florida property flooding in every day as people cannot wait to take advantage of this great opportunity.

Despite British Mortgages Abroad’s withdrawal as they focus on their UK operations the British Homes Group has a range of products available for the British Buyer.

With competition heating up between the US banks and the added benefit of a British based multi currency loan (which can be repaid in pounds, dollars or euros) the options are plentiful.

“This is a very busy time for our company”, said Weaver. “sales enquiries are reaching the record numbers of three years ago, the only difference being, there is now inventory available to meet that demand”.
 
“Our ‘UK connection’ has become very popular in the past few months”, adds Weaver, “as US Realtors, UK real estate agents and local developers have become aware of our services and strong position in dealing with the British market”.
If you are considering purchasing a home in Florida please get in touch by calling freephone 0800 096 5989 or by filling in our online contact form here.

Florida Job Growth Some of the Best In The Nation!

Florida is known for its population growth and economic growth as being great in the last few years.

Who would not want to live in such a beautiful place with its favorable climate as well as gorgeous property and fun activities.

MSN Career’s has drawn up its list of the top ten cities for Job growth in the Nation. Cities in Florida number 5 in the top ten including the top spot of Cape Coral!

The Florida cities that made the list are as follows:

…1. Cape Coral

…3. Naples

4. Sarasota

…6. Port St. Lucie

…9. Ocala

This is great news for the state!

Florida Real Estate: 3 Bedroom 2 Bath Condo in Kissimmee for £77,500!

How does a 3 bedroom, 2 bathroom condo in Kissimmee sound? How about the added bonus of being just minutes from the most famous theme parks in the world – Disney!

The British Homes Group is proud to present 5005 Laguna Bay Cir # 21 in Kissimmee. As a real bonus the property is also fully furnished and would be a great holiday home as well as investment opportunity – Ideal for renting ou! At this price of $155,000 (roughly £77,500 at an exchange rate of $2 to £1) it is a bargain that will not last long.

The property is located in a great complex that has its own pool, tennis court, clubhouse and more! It is convenient for shopping as well as the theme parks its location is great!

This property is definitely something for you to consider if you are looking for that great Florida home in the heart of the worlds playground.

With over 300 days of sunshine a year and average temperatures up in the high 20′s Centigrade it is no wonder that people love coming to Florida to avoid the British winter.

Please contact us on our freephone UK number 0800 096 5989 to find out more about this property as well as allow one of our Mortgage Advisors to discuss the option of having a mortgage on a Florida property – with downpayments as little as 20% (so on this property you could own it with only around $31,000 -£15,500!- down!)