Cheap Florida properties up for grabs

Property prices in Florida are very low at the moment, meaning that it is the best time to purchase there for a number of years; however, investors are being warned that they should not wait too long to make their move, as this could be about to change very soon.  

"Now is the time to buy in Florida," says the chief economist for Florida Realtors, Dr John Tuccillo.  "We're starting to see a beginning of the shift from a buyer's to a seller's market.  Sales numbers and home prices have both been rising, and we expect the trend to continue as more international buyers take note of the opportunities here, and the market's recovery gains traction.  There are some real residential bargains to be found for British buyers."

For purchasers in the United Kingdom, these bargain prices are looking even better than they were previously because of the best exchange rates in terms of pounds to dollars that have been seen in six months.  Florida appeals to buyers in the United Kingdom and other international countries for a number of reasons, including its subtropical weather, attractions and beaches. A large number of buyers also believe there is great potential for investment there, especially in terms of the rental market.  A number of wannabe landlords will enter the market even though they have no plans to holiday in their house, instead looking for properties in Florida that already have tenants.  

Sales of properties in Florida to buyers from overseas accounted for more than 25% of all international property market sales in the United States in 2011, according to the National Association of Realtors, and the popularity of the Sunshine State with international investors is only continuing to rise.