Hang on in there, Florida investors told

Article Date : Thursday, May 17, 2007

Property holders in Florida are being advised to hang on to their investments for the foreseeable future.

According to Gerry Bell, head of marketing at GE Money Home Lending, although the media has generally tried to warn investors off the US market, Florida is still giving a "solid performance".

Mr Bell's comments came as GE Lending revealed that there had been a 100 per cent increase so far this year in new business.

"It would be unwise for investors looking to sell their property in Florida to do so at a time when the market is unsettled, unless they clearly needed to do so," he said.

"Florida remains a solid option for long term property investment. For those looking to sell and repatriate to the UK, they need to avoid knee-jerk reaction, making sure that their decision is considered and well-informed."

He went on to say that the current strength of the pound against the dollar is good news for Britons looking for a second home abroad or long-term investment opportunity.

Homesgofast.com believes that Florida will remain at the top of the property investment league thanks to investment in local attractions, such as Sea World and the Disney-sponsored Celebration City.

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Hang on in there, Florida investors told

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