Monthly Archives: June 2011

Foreign Property Buyers in the US

From Sunday’s International Real Estate Trends “Overseas Property Mall”:

Foreigners Bag $82 Billion in US Property Bargains in Past Year

Foreigners bought $82 billion worth of American property in the 12 months ending March 2011 according to the latest data from the National Association of Realtors. A 24% increase on last year.

Canadians led the way with a dominant 23% of all foreign sales going to Canadian buyers, China came in second with 9% and Mexico, India and the UK tied for third at 7%. Brazilian and Argentinian buyers – counted together – accounted for 5% of sales to foreigners, up from 2% in the previous year.

“In recent years we have seen more and more foreign buyers coming here to take advantage of low prices and plentiful inventory,” Ron Phipps, president of the Realtors association and president of Phipps Realty in Warwick, Rhode Island, said in a statement today.

According to the report foreign demand is being fuelled by the combination of falling prices and the weak dollar giving foreigners even bigger discounts. According to the S&P/Case – Shiller index of home prices in 20 US cities, prices in February 2011 were down 33% from the July 2006 peak, with unemployment and the huge volume of foreclosed properties being sold at a discount hurting values across the board. Zillow inc recorded an 8.2% fall in prices in the first quarter.

According to the report by the NAR foreigners accounted for 8% of the $1.07 trillion in US house sales in the year ending March. The report said that half the sales ($41 billion, up from $25 billion last year) went to immigrants who had moved to America in the past 2 years and those holding visas, and the other half went to international investors.

62% of foreigners paid in cash with no mortgage during the period according to the report, and the most popular states were Florida, California, Texas and Arizona, accounting for 58% of foreign purchases between them. According to the NAR on top of the discounts foreigners are buying because of rental opportunities, the potential for long term capital appreciation, and because the US is still seen as a safe place to invest.

It’s still not too late to bag a Florida villa bargain – but only if you start your hunt NOW …….. before all of the bast bargains are bagged by other foreign (e.g. British) investors!

Happy (Bargain) Hunting!

Bill Cowie President

www.britishhomesgroup.com

Orlando, Florida

Kissimmee Office 407 396 9914
Direct (Mobile) 407 620 7777

British-American Chamber of Commerce Advisory Board

Request more information on buying a home in Florida or submit a Custom Search Request

BHG Logo

The BRITISH HOMES GROUP Florida
2960 Vineland Road | Info@britishhomesgroup.com or (+1) 407 396 9914

International Buyers Focus on Florida

By Inman News | Press Release

Nearly 40 percent of the 23 most-popular U.S. cities among non-American visitors to Trulia are in Florida, according to a blog the property search site launched today.

The blog, Trulia Insights, will feature data visualizations of housing data on a weekly or bi-weekly basis. The first such infographic details the U.S. cities to receive the biggest share of traffic on the site among non-American visitors in the first quarter. About 5 percent, or 1.4 million, of the site’s unique visitors during the first quarter were from abroad, Trulia said. The site attributed the high level of interest among international site visitors to “falling (U.S.) home prices and currency exchange rates in their favor.”

The most popular American cities were Los Angeles and New York, which were among the top five most-searched cities for visitors from the United Kingdom, Australia, France, Germany, Brazil, Italy, Russia, the Netherlands, Sweden, China and India. Nine of the 23 most popular cities were in Florida with Cape Coral, Fort Lauderdale, and Miami taking the lead.

That interest may be due to both deep discounts on the state’s real estate and a perception that the state is “friendlier to non-citizens,” the site said.

Florida cities were especially popular with folks from Canada, the country with the biggest share of traffic on Trulia from abroad. The United Kingdom had the second-biggest share, while Australia had the third-biggest share.

Bill Cowie President

www.britishhomesgroup.com

Orlando, Florida

Kissimmee Office 407 396 9914
Direct (Mobile) 407 620 7777

British-American Chamber of Commerce Advisory Board

Request more information on buying a home in Florida or submit a Custom Search Request

BHG Logo

The BRITISH HOMES GROUP Florida
2960 Vineland Road | Info@britishhomesgroup.com or (+1) 407 396 9914

Things to do in Florida

Things to do on your Florida vacation

There was a great article by Jim Abbott from the Orlando Sentinel recently providing suggestions and ideas for things to do around Florida for fun and enjoyment. The main ones are listed below to try the next time you are over on holiday…

West Florida

The new Salvador Dali Museum in St. Petersburg houses over 2,000 items, including 96 oil paintings, hundreds of drawings and watercolors and objets d’art and a 5,000-book library in a space that’s twice the size of the former museum. The building, accented by distinctive exterior glass panels, was designed by architect Yann Weymouth, who helped to create the glass pyramid at the Louvre in Paris.

Inside, the artwork competes for attention with a grand ‘double-helix’ staircase that climbs nearly the full height of a 75-foot-high atrium. AOL Travel calls it “one of the top buildings you have to see before you die.” Admission is $21 adults, $19 seniors, $15 ages 13-18, $7 ages 6-12. (727-823-3767; thedali.org)

Tampa

A new roller coaster is scheduled to be unveiled later this month at Busch Gardens in Tampa. In its construction phase, Cheetah Hunt already has added something to the theme park’s skyline, with its towering pinnacle of track that twists skyward almost like fingers reaching toward the clouds. Cheetah Hunt will join park attractions that include the thrill rides Montu and Kumba, as well as animal encounters, safaris and stage shows. Park admission is $77.99 adults, $69.99 children. (buschgardens.com)

Fort Myers

The thought of a 190-mile paddling route might sound too daunting for a weekend warrior, but don’t worry: The Great Calusa Blueway, completed in 2007 along the beaches of Fort Myers and Sanibel Island, can be experienced in short excursions fit for novices at kayaking or canoeing. Most of the area’s inland waterways are calm and easy to navigate, offering up-close views of birds, dolphins, sponges, starfish and other wildlife. Guided archeological trips and family excursions are available and visitors can cast off in an assortment of area parks. There are minimal fees for parking and water access at the numerous put-in spots. (calusablueway.com)

Ellenton

Gamble Plantation State Historic Park in Ellenton, near Bradenton, is an 1840s home filled with the trappings of a wealthy sugar plantation owner and is the only surviving plantation house in Southwest Florida. It is believed that Confederate Secretary of State Judah P. Benjamin took refuge here after the fall of the Confederacy, until his safe passage to England could be secured. Guided tours of the house are given six times a day, Thursday through Monday and there are picnic tables on the grounds. Admission: $6 adults, $4 children. (941-723-4536; floridastateparks.org/gambleplantation)

Anna Maria Island

There’s nothing new about watching the dimming of the day, but it’s an old, cherished ritual in Anna Maria Island, a charming barrier island bordered by the Gulf of Mexico, Tampa and Sarasota bays. It’s not uncommon for the daily performance on the horizon to be greeted by spontaneous applause from the visitors that line up on the beaches to watch. Occupy the rest of the day with watersports, dining at quirky restaurants or fishing on one of the historic piers. (annamariaisland-longboatkey.com)

Central & East Florida

St. Augustine

Pirates are an itinerant lot, so it’s only fitting that the new Pirate & Treasure Museum in St. Augustine originally started as a tourist attraction in Key West. In a business sense, the St. Augustine move is a smart one, with field-tripping school kids available as a built-in audience for the attraction across the street from the Castillo de San Marcos fort. The museum also fits with St. Augustine’s own pirate lore, most notably the saga of English pirate Sir Francis Drake, who led 2,000 of his men in a raid that leveled the city in the late 16th century. Inside the museum, you can read the tales of a dozen famous pirates in electronic history books, shoot a cannon or look at the sword used by Johnny Depp in the movie “Pirates of the Caribbean.” Exhibits can be covered in an hour. Admission: $10.99 adults, $5.99 children. (thepiratemuseum.com)

Clermont

The Lakeridge Winery in Clermont sits on a 127-acre estate in gently rolling countryside that was once the center of the state’s grape industry. Lakeridge touts itself as Florida’s largest premium winery, an operation that specializes in table and sparkling wines from muscadine and hybrid grapes. The winery augments its production with events that include a winter and summer music series an annual wine and seafood festival and harvest festival. (lakeridgewinery.com)

Disney’s Hollywood Studios

A new 3-D version of Star Tours attraction will be part of the mission for Star Wars fans at Disney’s Hollywood Studios. When it debuts later this month, guests can climb aboard the Starspeeder 1000 with C-3PO and R2-D2 and some new characters. Adventures include a flight in a Tatooine podrace or a chase that could involve Boba Fett, Princess Leia or Darth Vader. The new attraction joins such favorites as Rock ‘n’ Roller Coaster, Twilight Zone Tower of Terror and The American Idol Experience. One-day pass: $82 plus tax general, $74 plus tax ages 3-9 (disneyworld.com)

Melbourne

There are new arrivals this spring at the Brevard Zoo, off Wickham Road at Interstate 95 in Melbourne, most notably a baby calf born to one of the zoo’s Masai giraffes. The giraffes, of course, are one of the main attractions at the zoo, which showcases animals in five loops – Expedition Africa, La Selva, Austral-Asia, Wild Florida and Paws on Play – that take visitors along wooden boardwalks through lushly landscaped observation areas designed to make the animals look as if they’re at home. Splurge for a “Young Explorer’s Package,” which includes zoo admission along with tickets to feed the giraffes, the lorikeets and take a 20-minute train excursion around the grounds. Regular zoo admission is $13.75 adults, $10.25 ages 2-12. (brevardzoo.com)

Titusville

Reservations are now being accepted for the June Turtle Watch Program at Canaveral National Seashore, an opportunity to learn about sea turtles and the role of the National Park Service in their conservation. The programs, for folks 8 and older, are limited to 40 participants each night. Cost is $14 for ages 16 and older, free for ages 15 and under, with programs scheduled on most Wednesday, Thursday, Friday and Saturday nights in June. (386-428-3384; nps.gov/cana/)

Daytona Beach

Beach driving is the famous pastime at the World’s Most Famous Beach, but if you turn your car inland, Daytona Beach offers other charms beyond sand and surf. The pretty business district along Beach Street, just at the foot of the big bridge from the mainland to the beachside, is home to the cozy Abraxas Books, packed floor to ceiling with volumes old and new. Down the block, there’s the iconic Stavros Italian restaurant and Angell & Phelps Chocolate Factory, two stops that don’t require getting sand in your shoes. (daytonabeach.com)

South Florida

Miami

Although the Miami Children’s Museum has been a South Florida fixture since the early 1980s, it has really become a hidden gem since moving eight years ago to Watson Island, near downtown Miami. The museum augments its lively, kid-friendly permanent attractions with touring exhibits such as Dino Island, a prehistoric adventure land populated by nine lifelike robotic creatures on display from June 5 through year’s end. Admission: $15. (miamichildrensmuseum.org)

Coral Gables

More than a place to swim, the Venetian Pool, carved out of a limestone quarry in a quiet neighborhood near the Biltmore Hotel, is the place to go to feel like an extra in an Esther Williams movie. The pool, operated by the city of Coral Gables, is drained nightly and filled each morning with more than 800,000 gallons of spring water, framed by lovely gardens that exude a tropical vibe. Admission: $11 adults, $7.35 children. (coralgablesvenetianpool.com)

Miami Beach

The focus of a multimillion-dollar renovation in 2007, the Fillmore Miami Beach at Jackie Gleason Theater (1700 Washington Ave., Miami Beach) is a state-of-the-art performance space that occupies an iconic spot in South Florida’s entertainment history. The Gleason reference, of course, is to the legendary comedian, who moved his television show to the original theater in 1964 and helped put Miami Beach on the cultural map. Nowadays, the theater hosts an array of events from theater to classical an pop concerts. (fillmoremb.com)

Key West

One of North America’s most remote national parks now is more accessible. Key West Seaplane Adventures offers morning, afternoon and full-day trips to historic Dry Tortugas National Park aboard 10-passenger seaplanes. The park, about 70 miles west of Key West, is home to Civil War-era Fort Jefferson, the largest masonry structure in the Western Hemisphere. (keywestseaplanecharters.com)

The Florida Keys

A yearlong series of events, including bicycle and kayaking tours, is planned to mark the 100th anniversary of the completion of Henry Flagler’s Oversea Railway, the $430 million line that connected the Florida mainland to Key West starting in January 1912. (flaglerkeys100.com)

North Florida & Panhandle

Gainesville

The Butterfly Rainforest, a 6,400-square-foot living exhibit at the Museum of Natural History on the University of Florida campus in Gainesville, supports a population of hundreds of species acquired from butterfly farms in the Philippines, Malaysia, Costa Rica, El Salvador, Suriname, Ecuador, Belize and Florida that help protect natural habitats and promote conservation. It’s the latest addition to an attraction that used to be more famous for its dinosaur skeletons and other bones. Visitors can check out thousands of specimens at the three-story Wall of Wings or learn how to start a butterfly garden at home. Museum admission is free, with donations accepted; Butterfly Rainforest admission is $10.50 adults, $6 children. (flmnh.ufl.edu/butterflies)

Florida’s Panhandle

The 26 miles of shoreline between the tiny towns of Rosemary Beach and Seascape, along the Gulf of Mexico, offer powder-soft beaches and emerald waters that yield to a different landscape north of the coastline in towns such as Lakewood. It’s home to four state parks that include 200 miles of trails, fishing, boating and wildlife. For a leisurely look at what the area has to offer, take a road trip along the 20-mile stretch of Florida Scenic Highway 30A, which merges into the Scenic Gulf Drive. (beachesofsouthwalton.com)

Jacksonville

Explore Jacksonville’s colorful seafaring past at Jacksonville’s Maritime Museum, recently relocated to The Jacksonville Landing. Or take in Jacksonville’s Fire Museum, which displays an Ahrens Fox steam pumper used in Jacksonville’s Great Fire of 1901. Both museums are free. The Landing also is a good place to find a bite to eat, shop or enjoy a view of the St. Johns River. (visitjacksonville.com)

Cedar Key

Not far from Gainesville, the tiny fishing village of Cedar Key melds historic homes and comfortable hotels with breathtaking views and restaurants that specialize in fresh seafood. The Cedar Key Marina is the spot for fishing tackle, boat rentals or Gulf fishing charters. There’s also hiking and kayaking available at the Lower Suwannee National Wildlife refuge, about 10 miles away. (visitcedarkey.com)

Fort White

Tubing the Ichetucknee River has been a rite of passage for University of Florida students for decades, but the activity has evolved a bit from the old days of dangling six-packs into the cold water by ropes attached to discarded inner tubes. Tubers now rent colorful, specially designed flotation devices from vendors near the entrance to Ichetucknee Springs State Park, an hour northwest of Gainesville outside of Fort White. Arrive early in the summer, when the park often reaches capacity by afternoon. (floridastateparks.org/ichetuckneesprings)

Enjoy!!

Selling Your Orlando Home?

Listing Your Orlando, Florida Home For Sale

If you are thinking about selling your Orlando home please contact us for a free, no obligation valuation.

There has been a huge increase this year in the number of buyers seeking homes in the Orlando Disney area.

We will market your home on the Multiple Listing System (MLS) so all Florida Realtors can access your property details. We all also market your home to our UK database and also feature it on our popular website.

We are a British staffed company and will use our expertise to professionally market your property. We can also help interested buyers with financing through our bank connections.

Please mention us to anyone else who might be thinking about selling their Orlando home or thinking about buying one.

Bill Cowie President

www.britishhomesgroup.com

Orlando, Florida

Kissimmee Office 407 396 9914
Direct (Mobile) 407 620 7777

British-American Chamber of Commerce Advisory Board

Request more information on this home or submit a Custom Search Request

BHG Logo

The BRITISH HOMES GROUP Florida
2960 Vineland Road | Info@britishhomesgroup.com or (+1) 407 396 9914

June’s Florida Property of the Month

THIS PROPERTY HAS SOLD.

PLEASE SUBMIT A:  Custom Search Request

4 BEDROOM 3 BATHROOM DAVENPORT VILLA WITH POOL

Was, when sold in May 2009, $315,000 but is now $159,950!   

Large Fully-Furnished 4 Bedroom + 3 Bathroom Orlando Villa

Private Heated Swimming Pool

Approved for both Long and/or Short-Term Rentals

Close to Disney…Location! Location! Location!

Lovely Davenport is minutes from Orlando’s world-famous “Attractions”…including Walt Disney World, SeaWorld and Universal Studios, Harry Potter’s new place in the sun!

And, as many of you know, over the past few years Davenport has grown to become Central Florida’s favourite “UK” community.

As the recent A Place In The Sun magazine notes in its very interesting and helpful feature on Orlando:

“the very British-oriented Davenport is best for supplies of PG Tips”!

Why not fly over to Orlando this month for a few days mini-holiday (as several of our customers already have!) and, if you like what you see, take advantage of our $500 Travel Allowance (payable at Settllement) – and start enjoying your very own “Place In the Sun” ?

Call Mark Shore, our UK (from Bristol!) Property and Finance expert, for details:

Mark’s direct Orlando mobile phone number is 863-557-6443.

Good luck, enjoy a cuppa – and come join us in the Orlando fun and sun!

Bill Cowie President

And if this particular “Best Buy” Florida villa is not for you the British Homes Group has full information over 20,000 other properties for you to choose from here in Central Florida alone!

If you agree with the growing number of industry observers that the Orlando marketplace is, at long last, beginning to turn-around and rebound now could be the ideal time to invest in Florida property.

This property would make an ideal second or investment home, or it can be used for short-term-rental vacation home.

Mortgages are available for British and other international buyers with a 30% down payment.

Happy Bargain Hunting!

June’s Hot Property – click on one of the links below to make an offer or request more information on this home.
 
4 Bedroomed, 3 Bathroom
Status: Available
Listing Price: $159,950
Bedrooms: 4
Baths: 3
 
Take advantage of Orlando’s buyer’s market today.
 
 
 BHG Logo
The BRITISH HOMES GROUP Florida
2960 Vineland Road | Info@britishhomesgroup.com or (+1) 407 396 9914