Florida becoming 'key investment area'

Article Date : Wednesday, July 11, 2007

Florida is fast becoming a key area for foreign investment among UK buyers, as long-haul flights to the US becoming increasingly accessible and affordable, it has been claimed.

Experts at GE Money Lending highlight Florida's property market as showing increasing signs of popularity among buyers looking for retirement homes, suggesting that many investors are prepared to go further afield in the long-term.

This is despite the fact that many eastern European destinations are emerging as property hotspots, offering attractive opportunities in the shorter term.

Gerry Bell of GE Money Lending highlights a range of factors that make Florida popular among UK buyers.

"What is interesting is the emergence of Florida as a key holiday home destination as flights to the US become more affordable, strengthened by the current excellent exchange rate and the ease of conversing in the same language," he explained.

The Office for National Statistics reports that more than 500 Britons leave the UK daily to live or work abroad.

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