Florida Real Estate, Tourism and Immigration News

Bank of England Cuts Rates!: This very welcome news to UK homeowners has a knock on effect to Florida in many ways: UK Buyers have more disposable income, UK Buyers can take advantage of our Multi-Currency mortgage – which when the loan is in pounds sterling, tracks the Bank of England Base Rate and a rate cut is aimed at boosting the economy! A boost in the economy in the long term means an advantageous exchange rate for British Buyers looking to buy property in Dollars!

Florida property is a fantastic investment opportunity at the moment, the the exchange rate over $2 to £1 and low prices it is a great time to buy.

Please contact us using our free online form right now if you are thinking of Refinancing or Purchasing a Florida property. 

Just now the current exchange rate between the pound and dollar has become the best for decades.

It is currently trading as follows:

£1.00 = $2.10

NOW IS THE TIME TO BUY! CALL US TODAY ON

0800 096 5989

JUST A QUICK UPDATE… EXCHANGE RATE FOR STERLING VS DOLLAR HAS NOW REACHED

$2.080 = £1.00

CALL US TODAY ON 0800 096 5989 OR EMAIL ON INFO@BRITISHHOMESGROUP.COM TO LET US HELP YOU PURCHASE A FLORIDA PROPERTY

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!

After the headline grabbing news only weeks ago about the pound breaking the $2 mark and remaining there for a length of time the rally has started again, although a little quieter this time.

Experts therefore pose the question, can the pound remain at this level long term?

The answer is a difficult one, the mood is uncertain and with a lack of US data makes it hard to say. The sterling did not make headway nor retreat at the opening of markets on Monday. However with an expected Bank of England Rate Increase next month it could mean a gain for the sterling. Only time will tell.

The difficulty is to know what to do. Do you wait? Or do you buy dollars at around $2 to the pound? It depends on your perspective, however with Florida property prices suffering from a buyers market and the current exchange rate it makes it very attractive for UK buyers to invest in property in the state!

The article discusses how the weak dollar against the strong pound coupled with a great buyers market in the state make it a great place to invest, providing you are careful.

The article details many areas from Daytona Beach to Miami Beach where your pound will give you more bucks and the market will bake that buck go further. The top end of the market doesn’t seem to be suffering as the article states that the super luxury homes are popular with Wall Street’s finest as their bonuses allow them to afford such property.

The overall article talks about the different areas which one could buy in the states and take advantage of the current situation and details comments from one Brit owner (Martin Harwood – who bought in Tuscana in Champions Gate) who said “As a family with children, it’s a much better choice than Spain. The all-year weather, countless attractions and shops keep you occupied and we believe the long-term investment potential is still good.”

The coming few weeks could be the best time to buy in the US market, with a stable market and a weakening Dollar now looks like the best time to invest in bricks and mortar across the pond.

Florida in particular is a great place to buy for investment and for a holiday home.

Go ahead.. hold out your hands and grab this opportunity!

Orlando, the ‘City Beautiful’ is the third largest metropolitan area in Florida, after Miami-Ft. Lauderdale, Tampa-St. Pete. It is a city where the world comes to play. It houses the second largest university in Florida and has many high tech jobs. How will the area grow? We already know it is a great place to vacation, retire and work. Some planners think that we are going to see a mega region.

Perhaps along the same lines as the San-San metropolis in Southern California (San Francisco – San Diego) but Central Florida would be from Orlando to Tampa "Orlampa" maybe even linking up with Daytona… The Orlando metro area according to the 2004 Census estimates says that the area contains 1.8million people whilst the city of Orlando itself only has around 160,000. These figures are up from 2000 where the metro area contained only 1.6million people.

How will this effect Real Estate? well, supply and demand are fickle things however if the area is set to boom in akin to Southern California then we are probably in for some house price gains. The market already has signs that this could be on the cards, prices are stable in a national market with negative price corrections. What does this mean for someone considering the area for investment?

Well, right now it seems that the market is maturing even more so than before and it might be the best time to jump on the band wagon before any kind of price hike. Florida property does represent good value for money, especially for the British Buyer, with exchange rates for the £ Vs. $ at record highs then now could be the best time to buy that dream villa in the sun… after all, wouldn’t it be nice to be neighbors with Mickey Mouse?

The value today soared to $1.96/£1.00 – only 2 weeks ago the value was falling to around $1.92/£1.00…

Now could be the time to buy Florida property at this great rate!