It is impossible to ignore the ongoing negative news surrounding the downturn of the housing market in Florida, but it’s also more important than ever for potential investors to separate fact from fiction.
Following record breaking increases in property prices during 2004/2005 when the average property increased in value by more than 40 percent, an oversupply of new construction, bulk investments by poorly advised investors looking to ride the waves of economic prosperity and unsustainable price increases culminated in an unavoidable ‘crash’. Property prices tumbled and buyers, who were once enthusiastically participating in the frenzy of multiple offers, cautiously retreated, leaving dazed and financially unstable sellers behind.

Positive news

That’s the bad news. The good news is that, almost three years on, the market is stabilizing, the bottom of the market is in sight and there are genuine bargains to be found. Undervalued properties compete for buyers’ attention amid a glut of inventory.

In summary, today’s buyer has ‘the pick of the crop’ and low interest rates combined with a strong British pound cultivates a win-win situation for today’s UK investor. Although current market conditions are not conducive to ‘flipping’ properties, history has shown, long term investment in real estate pays off, and pays off well.
Over 500,000 Britons have been captivated by the carefree lifestyle Florida offers and call the region home for at least 6 months of the year. A further 1.2 million British tourists visited Florida last year. The British are, and continue to be, the largest investor group in the United States as well as the top foreign employers in Florida employing over 50,000 people directly.

A place in the sun

If you have reached a time in your life when you are ready to consider emigration or perhaps your dream is to own a second home in the sun, the next 12 months may prove to be the ideal time to make that move.
Madeline Wilson is a British Real Estate Consultant who specializes in working with overseas buyers. Diligently working to provide impartial advice on all aspects of purchasing in Central Florida from currency exchange to contract negotiation & inspections, Madeline was voted “Best in Client Satisfaction 2007″ in an independent survey of recent home buyers by Orlando Home buyer Magazine.

Useful information

Madeline Wilson
madeline@rightmoveflorida.com
Web: www.rightmoveflorida.com

Telephone: 011 352 978 3595