Foreign investors have put more that $120 million into property in Central Florida between January and June 2007, this is more than double last years $54 million, also the investment is not just in vacation homes but on apartments, retailing and office space and more! Orlando has become the 19th largest market for investment for the foreign dollar in the nation and the largest in the Sunshine state.
For the whole of 2006 the figure was just over the priod of the first and second quarter of this year at $130 million making it 27th in the nation but this is a far cry from 2004 where it had a record year of $222 million investment in real estate from foreigners making it 15th in the nation!
Overall this investment is dwarfed by the investment by Australians, who have invested $7.7 billion nationwide in real estate this year!
All of this foreign invesment is driven by the weak dollar, which for UK buyers has reached historic lows of $2.06/£1.00…but has now risen back to around $2/£1….these rates are the best in over quarter of a century…now is the time to buy!
Maybe it is a Florida home you are after? Or Florida mortgage? We can assist with both! We have a dedicated team of Real Estate professionals waiting to serve you and find you that perfect Florida home of your dreams. Maybe you have been fed up by the rained out British Summer this year? Or have seen the gorgeous property for sale on A Place in the Sun or Real Estate TV? – Which we have been featured on!
What ever your reason, Florida is a fantastic place to invest, with a high quality of life coupled with cheap property, gorgeous weather and the cheapest dollar in over a quarter of a century it really is the place to be!
However… you ask.. how can I afford it? Well, our team of Mortgage Brokers cajn look at the options right for you, whether what we are most famous for, the British Sterling mortgage (where your repayments are in pounds) or a US Dollar mortgage or even a Multi-Currency Mortgage they can look at what is right for you and quote you on the product you like best all at no obligation.
Wait! The system is unlike the Uk in that Realtor’s (Estate Agents as they are called in the UK) here have access to all the properties in the area, so it saves you doing the leg work and takes out the need to shop around and if you chose one of our agents to look for property for you they are acting in your interest! Similarly, with the finance side our brokers are experienced in a range of products and have a choice of lenders to look for products, again taking out the need to shop around and allowing you to concentrate on the more important things in life…like what day to go to Disney or the beach!
Relief all around as the Monetary Policy Committee held the base rate at 5.5%. However this relief is still short lived, the UK is still suffering from high levels of inflation, which are way off Target 2.0 levels, the UK still has a runaway housing market which, although is suffering in the wake of the HIP’s chaos is still going up. So this relief is most likely temporary and it is expected that there may be a further couple of rate rises before the end of the year.
This is good news for Florida property if you are considering a sterling mortgage. Which is still very attractive with the exchange rate as it is! Our range of Sterling Mortgages from BMA track the Bank of England base rate. There are currently three fixed rate products available from BMA so now really is the time to get one to future proof your mortgage against the possible rate rises on the horizon. Contact Us today.
None of the information contained in this blog/blog post constitutes, nor should be construed as Financial Advice.
This very blog has now been viewed by people in 40 countries! This is the highest number of countries since the blogs creation back in 2006. This is very exciting news as it clearly shows that the interest in Florida property is at an all time high! With a weak dollar and a housing market just turning around now amy be the best time to buy a Florida property!
Contact us today and we will help you find your dream Florida property and we can help secure you finance for the property with as little as 20% of the purchase price down! We will also be more than happy to give you a free loan quote so you can see how affordable it really is to own your own Florida home!
Do you have a good photo of you and your family at SeaWorld? The they want to hear from you.
Busch Entertainment Corp, the parent company of SeaWorld, has created a enw website to give an interactive experience for visitors. It estimates that close to 1 billion photo’s have been taken in the park. – The Orlando Sentinel jokes "That doesnt include the thousands ruined in Shamu’s splash zone, having sat in the splash zone myself, which was immense fun, I cant testify to that.
For a limited time every family who submits a photo that is selected for the new site will receive free admission! For more info see the website http://www.seaworld.com/share