Florida Real Estate, Tourism and Immigration News

The largest home in Lake County, Which is a monstrous 32,000 square feet. – Remember the average American home is 2,000 square feet and the average home in Britain is between 800 and 1200 square feet is set to go into foreclosure if the bank does not get the loans secured against it repaid.

However despite its trouble in he past it has now been destined to auction after a court order. Today is supposedly the date of the auction. The mansion and the surrounding 155 acres of beautiful Central Florida are up for grabs.

The mansion and its surrounding area has been slated for residential development. However there are still many hurdles before any development could get out of the ground.

What is for sure is that this house is an asset to Lake County, its location is absolutely breathtaking, it is perched upon the top of a rolling hill in rural Groveland.

In fact a scenic way of seeing this beauty is to take CR 561 A from Highway 27 at Minneola (Just past Clermont) follow the road past the African Mission Inn, you will drive along the shore of lake Minneola, then you will take a right on Jalarny Road then at the T- Junction at the end of that take a left… and just follow that road through rolling hills, pasture and palm tree nurseries…whilst passing an exclusive subdivision amongst the lakes you will see the largest Home in Lake County perched atop its hill on the horizon. Once you reach SR 19 take a left towards Groveland itself then a left again onto Hwy 50 which will take you all the way back to the 27. Note this drive is particularly beautiful around sunset.

Give it a try!!

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.

This is it, the moment Brits have been waiting for, the £1 has reached a 15 year high against the $ Dollar.
The current rate is trading at….

80% of people accross the country who bought a new home last year used the internet for house hunting. They found photographs the most useful tool in their search according to a survey by the National Association of Realtors.

This survey also concluded that 24% of home buyers got their first view of their new home on the internet up from only 2% in 1997..what a difference 10 years makes!

It highlights more than ever the need for good photographs and a number of good interior shots.

In the Orlando area people want to see images of a properties swimming pool and often what the property backs onto as buyer become more conscious of the location of their property.