Buying into the Florida Real Estate Market can mean great properties and prices in 2010

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  • Author Justin Trapp
  • Published January 29, 2011
  • Word count 409

If you are interested in purchasing a property in a true bargain hotspot you need to think about buying into Florida’s property market. The area has been called one of the best places in the United States to purchase properties and for good reason. Property values can be valued as low as $47 per square foot in an area that is particularly desirable.

The recent recession has dropped prices to the point where they have become extremely affordable especially to buyers from the UK and Europe who are able to enjoy a very favorable exchange rate that can make well-priced properties seem even more affordable. Why not buy into an area where your dollar goes much further and the lifestyle and the weather are also excellent.

A number of factors have contributed to this situation and buyers need to be ready to take advantage of it. The first is that there was an oversupply of available properties that made the Florida real estate markets a good option for buyers to look into. After the recession hit and the market bottomed out foreclosures and unsold condominium properties were available at prices that were unheard of.

If you love the idea of purchasing a property in an area with a favorable climate and fun activities such as golf, swimming and shopping then Florida is an area that you need to consider strongly. In fact the state is so popular that real estate has already started to see a rebound although this is mainly in areas around major theme parks and state attractions.

There are numerous factors that make investing in real estate appealing to UK and European buyers. One is the fact that the US dollar keeps showing a weak performance. There is a large imbalance in the areas of supply and demand and this means that as a buyer you have much more clout than you would have in the past. You may find that prices are as low (in some cases) as fifty percent of what they would have been like even five years ago.

This is unlikely to last. Certain areas are already beginning to show that buyers are once again interested in properties in Florida. Although these areas are centered around large attractions such as Disney World and Universal Studios it does show that recovery, although slow to arrive, is on its way. It is time to get in while pricing and selection are at their best.

Justin Trapp is a Licenced Property Broker who writes about topics concerning Property Investment and development in the USA,To find out more about him visit his website

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