The Sunshine State has always been a popular place for overseas property investors however in the last 18 months, it has fallen out of favour. Prices have crashed – in many cases, property prices have halved – and Florida had the second highest foreclosure rate in the America in 2008 affecting a massive one in 22 properties. Having been siezed by the banks, many of these Florida foreclosed properties now remain empty.

The sheer quantity of properties being foreclosed, and the number of empty properties littering the state, left many investors nervous about buying property in Florida. However in recent months, interest has started to pick up again.  Read more... (487 words, 1 image, estimated 1:57 mins reading time)

This week Forbes Traveler magazine named Orlando Florida as North America’s top vacation spot in its newest ranking of destinations in the US, Canada, Mexico and the Caribbean. The USA’s most popular holiday destination is also seeing increased demand from foreign property buyers as Florida property prices also happen to be at rock bottom right now.

“Both enquiries and sales are up”, says Lee Weaver of the Orlando-based British Homes Group, a company set up by Brits for Brits considering buying property in Florida. “These are clear indicators that the market is recovering. While the national housing bust has devastated property values, it has also created some outstanding bargain opportunities for would-be home buyers – if you know where to look.”  Read more... (1144 words, 1 image, estimated 4:35 mins reading time)

Got a spare $155 million, and you’re looking to spend it? One of the World’s most expensive houses is for sale, at a cool $155 million. The house, named “The Pinnacle”, is set on a mountain-top ridge and is set to feature it’s own mini-ski lift. The price is higher than Donald Trump’s estate in Palm Beach (a mere $125 million) or “Updown Court” in England, at an affordable $139 million.  Read more... (343 words, estimated 1:22 mins reading time)