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Apartments in Orlando, Florida

54% below 2005 launch prices - less than build cost!

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Cane Island,
Orlando,
Florida

2 Bed Apartments from £94,127

3 Bed Apartments from £103,237

4 Bed Apartments from £121,457

The project is now 54% below its 2005 launch price. (This is less than build cost!)
70% LTV mortgages available - Invest with just £24,300 cash + purchase costs
Fantastic location - 8 minutes drive from the entrance to Walt Disney World.
Proven rental figures from Amazing Vacation Homes Inc. using renowned travel companies

Summary

The project is now 54% below its 2005 launch price. (This is less than build cost!)
70% LTV mortgages available - Invest with just £24,300 cash + purchase costs
Fantastic location - 8 minutes drive from the entrance to Walt Disney World.
Proven rental figures from Amazing Vacation Homes Inc. using renowned travel companies
Up to 6% yields instantly achievable
Yields inclusive of managment costs, service charges and Home Owners Association fees
2-3-4 Bedroom units all with 2 bathrooms and balconies.
The US Dollar set to appreciate rapidly over the next 18 months
Construction starts at record lows, creating a huge lack of supply over the next 5 years

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Description

The exposure of Florida to the sub-prime mortgage markets has caused residential real estate prices to drop quite considerably from their 2006 peaks. Developers have only started to adjust their sales-price expectations and now distressed apartments and homes are catching the eye of international buyers.

Investors are now seeing far higher yields then previously achievable and whilst the collapse of the mortgage markets has caused economic growth to slow, the fundamentals of the market still exist. With construction starts at historical lows and population growth in Florida being amongst the highest in the country, the residential market will be in short supply in the coming years. Coupled with a tourism industry which is continuing to post growth year on year, demand for quality accommodation should remain high for years to come.

With the dollar strengthening rapidly against the euro and sterling, now is an excellent time to secure a dollar based asset. Top

Location

Located in the popular area of Kissimmee off Highway 192, just 8 minutes drive from Walt Disney World, Cane Island offers investors and private owners the optimum location to take advantage of rental demand and personal holiday use. Since the subprime crisis hit the US, prices across the board have fallen markedly, even in areas where rental demand has stayed strong. Disney has actually seen an increase in visitor numbers as a result of both new attractions and the growth of emerging markets such as South America. Florida’s popularity as a year round family holiday destination is evident as visitor numbers have increased. Research shows that people will not forfeit their annual vacation in difficult economic times.

Cane Island is conveniently situated just 1 hours drive from the airport. Top

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Property

Cane Island consists of 260 completed luxury condo apartments. Designed to meet the growing demand for international tour operators. We have already received written confirmation from Amazing Vacation Homes INC stating they will manage the property and expect a 42 week rental season. Their clients include internationally renowned hotel bedbanks such as Hotlebeds.com - part of TUI Travel plc.

Add to this the fact that 70% LTV mortgages are available, enabling investments from just $45,000.
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