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Florida To Be A Hot Seller In 2010
January 11, 2010Article by Ray Withers
Florida property prices are at an 8 year low according to the Orlando Realtors Association. It is little wonder then, that with things now starting to recover in the UK economy and labour market, that Florida property is expected to be one of the top sellers in 2010 with British based overseas property agents.
David Cox, a director at UK based international property investment consultancy Property Frontiers said:
“Ever since American property prices began to fall people have been looking at the Florida property market, because of its massive tourism sector, in order to get a bargain holiday home investment or fly to let. This increased as it became known as one of the worst hit for price drops and repossessions. It resulted in a lot of enquiries but there were two hindrances two sales, a: people didn’t want to buy before the market bottom, and b: there was a lot of fear as the crunch became a crisis and people lost the will to spend.
“While some still believe the market hasn’t bottomed, almost everyone knows how quickly you need to act to secure a distressed sale or repossessed property once it comes onto the market. Because of this, and because of the fact that there is now a lot less fear over just how bad this crisis will get, sales have been increasing since the middle of 2009.”
“The more the international recovery strengthens, the more sales of Florida property increase and will continue to increase in 2010,” he added.
Property Frontiers have been jointly responsible for several Florida property developments selling out in very short periods of time in the last few months. The development they are currently marketing doesn’t look likely to be around for very long either.
Waterside at Coquina Key is a unique waterfront development, in that all units are front-side to the beautiful aquatic landscape of Coquina Key. The price is perhaps the most incredible part though, at just £51,400 for a fully furnished 1 bedroom luxury modern condominium, and with 2 bedroom units available to the same specifications from £58,200.
The little difference between the 1 and 2 bedroom units obviously makes the latter far more cost-effective for anyone who can afford the additional £6,800.
“The [Waterside at Coquina Key] properties do look absolutely incredible, the quays being right across the front gardens, the water lapping away seems to shout relaxed living. I would certainly rent one of these to get away from it all, and maybe even to write that novel I’m