Florida property in line for rail boost

The announcement of federal funding for new high-speed rail links across the US may be good news for this thinking of investing in Florida property.

President Barack Obama has pledged to create a "21st century" system for the country, noting that high-speed networks exists across much of the rest of the developed world and suggesting that these could help reduce congestion and pollution.

He remarked: "Imagine whisking through towns at speeds over 100 miles per hour [and] walking only a few steps to public transportation."

Florida would see the city of Orlando linked to Tampa Bay to the west and southwards to Miami.

Such investment could bolster the value of property in such areas, due to the ease of fast access around the state for anyone residing in such locations.

Investors in Florida and across the US may be able to pick up more foreclosed bargains in the meantime.

In a separate speech earlier this week, Mr Obama said that the recession still has some way to run and that more foreclosures will take place in the coming months.

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