Florida Property

Owning a Florida property is a dream for the millions of tourists that descend on the sun-kissed south eastern US state every year, but it’s a reality for many, with at least 500,000 Britons estimated to live there in addition to large numbers of Canadians, Germans and Italians. The vast array of properties in Florida gives it great appeal to all sorts of buyers – retirees, families and golfers as well as those hoping to emigrate and those looking purely to invest in property in Florida.
To buy Florida property means enjoying over 300 sunny days there every year. It’s become one of the world’s premier golfing destinations, with many golf courses peppering the state. It’s also home to some of the world’s most famous theme parks, attracting visitors from all over the globe.
If you’re not living there all the time, your Florida home could also bring in rental income if it’s conveniently located for the tourist market. Though overseas buyers are free to buy Florida property, there are some restrictions on renting out properties in Florida that you should check out if you are relying on rental income to offset mortgage payments on your Florida real estate.
Although the leaping year-on-year growth of prices of Florida properties for sale have come to an end in the past couple of years, a favourable exchange rate means that a property for sale in Florida can be good value for money for UK buyers these days as well as a promising long-term investment.
Generalising about the price to buy property in Florida is difficult, though the Atlantic coast tends to be more expensive than the Gulf Coast and the northern counties more affordable than the south. Though that ocean view in Palm Beach may be out of your budget, there’s plenty of affordable Florida properties for sale and the beach is never far away.
The Homes Overseas guide to Buying Florida Property has advice on the legal and financial aspects of how to buy property in Florida, plus information on the process of owning Florida property.
Some information contained herein may have changed since it was first published. Homes Overseas strongly advises you to seek current legal and/or financial advise from a qualified professional.

Property in Florida: