This graft shows how the $ has risen in the property market, while the £ (blue) has become stronger. The Florida market is now a "Buyers Market" which means that because of the strong £ it makes it even more so good value for money for over seas investors
COST TO BE CONSIDERED
Property prices has risen sharply in Florida since 2003, from $150,000.00 for the average house, to $350,000.00. In the meantime the £ (sterling) has maintained a strong position against the $ (dollar). With the risen of the £ over this period of time it has made the investment property market for UK investors and others very advantageous, especially from 2005-2006. Having a strong £ ( pound) means even better value for your money.
However, even in this market climate there are costs to be considered, such as closing costs, association fees, property taxes, and if you sell capital gains taxes, and in some cases inheritance taxes. These are all very important aspects of buying a property abroad, either as a second home, permanent home or as an investment, and should be considered when buying.
Your Property abroad, will be at hand to take you through these procedures.