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Buying Property in Florida
Buying property in Florida is a dream for the millions of tourists that descend on the sun-kissed southeastern 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 property 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.
Buying property in Florida, the Sunshine State, means enjoying over 300 sunny days there every year. It’s become one of the world’s premier golfing destinations, with many 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, buying property in Florida could also bring in rental income if it’s conveniently located for the tourist market. Though overseas buyers are free to own property in Florida, there are some restrictions on renting which you should check out if you are relying on rental income to offset mortgage payments.
Although the leaping year-on-year growth of property prices in Florida have come to an end in the past couple of years, a favourable exchange rate means that buying property 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 of buying 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 property for sale in Florida and the beach is never far away.
The Homes Overseas Guide to Buying Property in Florida has advice on the legal and financial aspects of buying property in Florida, plus regional overviews and information on the process for buying property in Florida.
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as well as our overseas news stories affecting the property market in Florida and the USA or view our range of property for sale in Florida.
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