As Florida continues to suffer the highest rate of foreclosures in the US one part of the sunshine state is looking forward with optimism.

Real estate agents in Florida are so desperate to find buyers that they are touring the globe trying to boost the state's reputation abroad.

Many property owners in the US think their homes are worth more than they were a year ago when the credit crunch started, according to a new poll.

Property prices in Florida are continuing to fall but experts are divided over whether it is a good investment or not for overseas buyers.

Evidence is emerging that British property investors are increasingly taking advantage of bargain prices in the US.

Coastal property in the US is suffering a downturn not just from the global credit crunch but from concern about global warming and shore erosion.

With property in many parts of the US fetching bargain prices, real estate agents are organising bus tours to take potential investors to view foreclosed properties.

Wealthy property buyers are finding that the US is the place for bargains as even the luxury end of the market is affected by the global credit crunch.

Generally the property market in Florida is suffering from the credit crunch but when it comes to the top end of the market there is no problem selling.

Florida, with Miami and Orlando in particular, is America's worst performing real estate market, according to the influential Forbes Group.

Whilst American nationals are struggling to come to terms with a very depressed housing market, European property investors, in particular the British, are taking advantage of bargains in Florida.

Investors can now see the available properties for sale of bank owned properties through limo tours throughout California and Florida.

Those who invested in Florida off plan property are losing money and many times, there is no way to recoup costs. Still, demand in this region is still there.

On Thursday, the Florida Association of Realtors will release its final housing reports for 2007. While numbers are not good, Fed interest rate cut may help.

California and Florida are very close to recession or may even be entering it, many economists are reporting. The cause stems from housing markets there. Other markets face recession too.

Florida offers several key benefits for investing including better taxing on property, new amusement park's opening and an outstanding exchange rate.