Florida Real Estate, Tourism and Immigration News

This publicity, often doesn’t cover all the facts and unnecessarily turns buyers off of their dream home in Florida. The Daily Mail may talk of price crashes and cracks in the US economy, all that has really occurred is a price correction and slowed price growth. After all this is what has happened in the UK so why not the US? The UK has had its run away Housing Market which has slowed to a comfortable growth rate in single figures in most areas, so the US can have the same. There are of course some exceptions but in the case of Central Florida things are looking up.

Things are still bright and sunny in the Sunshine State, the Floridian economy is booming at is is set to become the third most populous state in the Union. (overtaking New York State which is currently behind Texas with California up front) Florida has good job creation through R&D and High-Tech industries setting up shop right here in Central Florida. It has some of the best Universities and community colleges in the country and has over 300 days of sunshine a year! What other locations can boast all that? After all the Orlando area has 50 million visitors a year and growing.

The Orlando Visitors Bureau lists 207 things to do in the area in 2007 Click here to view it. This list shows how much the area has to offer.

Florida property represents good value for money with good potential for capital growth in the coming years (it has been said that Florida is the California of 10 years ago) coupled with a good Rental Market. After all, Walt Disney World, which supports the local economy by $20 billion and is the areas biggest attraction, is unlikely to go bust.

All in all, now in the present buyers market, where prices in the Orlando area are stable and overall increasing, supply is plentiful, it might just be the best time in years to buy Florida property.

CALL US TODAY TO FIND YOUR DREAM HOME!
UK: 0800 096 5989
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Current exchange rates are relatively stable for the Pound and the US Dollar even in light of the recent market correction. In mid March the rate is hovering around the $1.93-$1.95 to the £1 mark. However you only have to look back to mid march last year where the Dollar was hovering around the $1.75 to the £1 mark, after falling from a level similar to today.

What does this mean? This means that US Dollar investments from a £GBP perspective are very cheap. With relatively low interest rates and an exchange rate nearly brushing the $2 to the Pound mark now could be one of the best times to buy a Florida property.

To put this into perspective, $250,000 is a good starting point for a villa with pool in the Kissimmee, Davenport area at today’s exchange rate (3/19/07 – $1.94/£1) that equates to: £128,462.

The median home price in Orlando has increased to just above this level, to $255,000.

A BARGAIN!

What would £128,000 buy you in the UK? Well, according to the Land Registry, not a lot. The latest figures from them (Jan 2007) show that the Average Price for a terraced house in England and Wales is £136,106. – That is the cheapest average price. A detached property average price on the list was £266,770!

What would the £128,000 buy you here in the Orlando area? Well, it does depend on location, but if you looked in the popular Poinciana area near Kissimmee you could have a 2005 4 bed 2 bath detached 2 story corner lot executive home with over 2800 sq. feet - nearly 3 times the size of the average UK home of around 1000 sq. ft!

We specialise in the British mortgage which is a sterling mortgage for your Florida property, which has a minimum deposit level of 20% – much lower than US Lenders.

In short, for around a £25,600 deposit you could have your dream home in the sun!

GET IN CONTACT WITH US TODAY FOR YOUR FLORIDA DREAMHOME!

0800 096 5989