Brits get more for their money with Florida property

Brits get more for their money if they buy property in the US rather than the UK, it has been claimed.

Data from Prime Location detailed by Property Talk Live highlighted that people investing in Florida property can get a four to five bedroom home with two reception rooms, two bathrooms and a garden with a pool for the same price as a three bedroom semi in Manchester.

It was also highlighted that Brits could get a three bedroom villa in Portugal or a two bedroom apartment in Siena in Italy for the same sum.

Ann Wright, international development manager at Prime Location, told the news provider: "The gradually growing strength of the pound and low interest rates are also contributing to Brits' decision to buy abroad.

"The traditional and established markets being looked at are likely to return to healthy growth and offer stability over the longer term but it goes without saying that caution and research remain key for any international property purchase."

Recent research by Moneycorp highlighted that one in four first-time buyers are looking to invest their cash in overseas property rather than homes in the UK.
 

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