Why Florida Should Be the Focus of Your Property Search Strategies

If you have decided to purchase a property and are looking for a place where your dollar will carry the most weight you may want to set your sights on Florida. The same area that was decimated during the recent recession is now one of the best places to purchase real estate. This is because some properties are on the market for $47 a square foot, a sum that is virtually unheard of in the rest of the country.

Two reasons were behind Florida’s property glut. The first is that there has been an oversupply of properties available and this has turned the situation so that the advantage lies squarely with buyers. As well, unsold condominiums coupled with a high number of foreclosures have also flooded the market with prime real estate that years ago would have been priced unattainably for many buyers.

Although many people in the US are still trying to get into a position where they can purchase property if you are a buyer from the UK you may be able to secure an excellent property at very reasonable rates. Buyers can find a range of extremely reasonable prices whether they are in the market for condominiums or luxury estates. Many of these properties are located in developments that are truly beyond compare.

Florida can be quite attractive for reasons that have nothing to do with the price of real estate although interest rates are still at an attractively low level and exchange rates make your dollar go further in the United States than it may in other countries. You can also enjoy many perks of a relaxed holiday atmosphere. The climate is very appealing and the large amount of sun and proximity to activities such as golf can make this a great choice for anyone who wants an affordable vacation home.

If you are planning to get into the US property market by purchasing Florida real estate it may not be a bad idea to do so in the near future. This is because new home sales are forecasted to increase by about twenty percent and this may mean that some of the top properties may get snapped up in the near future.

When you are looking for real estate, consider areas where your investment may go further such as Orlando and Sarasota. Sarasota in particular has experienced a marked depreciation in the value of their homes.