Florida Real Estate, Tourism and Immigration News

Orlando Regional Realtor’s Association has released its latest Market Pulse which shows the latest figures for the Market for November 2007.

November showed some improvement over October and the preceeding months – a sign of a market which is stabilising and possible on the grow in the near future.

The average mortgage rate was down by over 1/8 of a percent over September and October levels, Inventory had also fallen along with the number of New Listings – which was the most surprising news as the number was the lowest for the year – lowever than the previous Low in December 2006! The new listings of 3610 was nearly half the number in July of 6426.

This is all very exciting news. The property market in Florida represents a great investment as owners can benefit from year round sunshine as well as the great attractions and amenities available to them.

If you are thinking about buying your own slice of the Sunshine State then please get in touch with us today – with the Pound and Euro trading so strong against the weak US Dollar it is no wonder that overseas investors are seeking to buy up Florida property.

With a slowdown in US Housing, investors are seizing the chance of a weak dollar (particularly for British and Irish buyers) and snapping up Florida property!

There has been wide publicity on this issue with the injection of cash being welcome news to the doom and gloom publicity about US housing in the press. The dollar is on sale and home prices in the US have fallen back to affordable levels for foreign buyers.

For instance one property that the British Homes Group has listed is a 5 bedroom 3 bathroom pool home 15 minutes from Disney and it is up for $225,000 (As of today) -at the current exchange rate of $2.05 to £1.00 a British buyer would be able to snap this bargain up for £109,750! European buyers with a strong Euro will equally be able to snap up this property at a great price.