'Now is the time' to buy property in the US

Real estate experts in the US have claimed that now is the ideal time to buy property in Florida.

The market has been in a steady decline ever since the boom years of 2006-07, with residential home values falling to levels previously seen a decade ago.

Property Frontiers has claimed that savvy international investors have begun to take advantage of the plethora of prime properties available at bargain prices.

This is further enhanced by recent reports from the Florida Association of Realtors which has seen a 24 per cent increase in existing home sales in March 2011 compared to the same time last year.

"A variety of housing opportunities are available at attractive prices across the state, while mortgage interest rates remain historically low," said Patricia Fitzgerald, Florida Realtors president.

Condominium style properties, in particular, are leading the way for sales with 9,703 units sold in March 2011 alone and it is foreign investors driving this come back. 

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