Florida property market looks attractive
Florida offers several key benefits for investing including better taxing on property, new amusement park's opening and an outstanding exchange rate.
The news is good for Florida property owners, or those looking to come into it. Several key areas have seen an improvement over the past few months that will help to make Florida property more attractive, especially to overseas investors here.
One of the most significant benefits comes in terms of the exchange rate, which continues to look good for UK investors. For the UK investor, now is the ideal time to buy, says BuyAssociation's Paul Collins. He said, "It's a very good time, to be honest. But if you're looking to buy a holiday home or if you're looking at a medium to long-term investment, then it's absolutely brilliant."
Good deals can be found throughout Florida, due to the foreclosure numbers and to the weakening values of property.
Additionally good news comes in the way of taxes. The Legislature in Florida has finally approved one of the largest property tax cuts in the state's history. This will allow for property owners to see a reduction in the cost of owning property here. The property cuts come into play in an effort to help many of the hurricane damaged areas to rebuild. According to Jill Diamond of Clearsky, a Florida property firm, "The Florida property taxation system, unlike in the UK, does reflect the costs and so does go down as well as up. This is a positive factor."
On a lighter note, Florida expects worldwide benefit in tourism dollars to come in heavily by late 2009 when the "Wizarding World of Harry Potter" opens. The Universal Orlando Resort will attract many Brits, hopes are.
According to Barry Meyer, Chairman and SEO of Warner Bros, who will fund the project, "Over the years we've received thousands of letters from fans around the world wishing they could visit Hogwarts." And, "With Universal Orlando Resort, we are confident that we'll be able to provide Harry Potter fans with an incredible experience that upholds the richness of JK Rowling's books and delivers on the authentic detail portrayed in our films."