Assetz® News » HOME | RSS Feed FEED | LIST ALL ARTICLES | ASSETZ HOMEPAGE
Investment Property News from Assetz

Assetz® Property News Service

Florida 'offers Brit buyers value'


25th September 2012 | back to article listings BACK    print this article PRINT

Britons looking to buy a holiday home overseas can get the best value for money on properties in Orlando, Florida, according to a new report.

HSBC's first annual Overseas Property Report claimed that British buyers with an overseas budget of 125,000 can secure a four-bedroom home in Orlando, which includes a spacious garden and a private swimming pool.

Florida's property market has plummeted to its lowest level since 2006, enabling foreign buyers to snap up large homes for a fraction of their true worth.

British buyers appear to be in the most favourable position to secure a property overseas, with the pound-to-euro exchange rate rising by 5.7% since March.

That higher spending power could come in handy when buying homes in Cyprus or Portugal where taxes are low, although Spain's Costa Blanca offers the most space for money in Europe.

James Yerkess, HSBC's head of FX, said: "Orlando, for example, offers excellent purchase power right now, but European destinations vary and aspiring buyers who are more flexible on location should weigh up their options to secure the most space and best facilities for their money."

Copyright Press Association 2012


Assetz® is a UK Property Investment Specialist. Please visit our property sites shown below.

Assetz for Investors UK Assetz Finance

Accessing the news service

You can view all of the Assetz® UK Property Investment Articles and News here.

We also provide an RSS Feed Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

Cookies on our sites
The assetz.co.uk group of websites uses cookies, some of which may have been set already. Read about our cookie use. If you continue to use the site, we'll assume that you're happy to accept them. To dismiss this message please click the button.