Thursday, November 11, 2010
Hot or not spots
From FT.com Financial Times by Tanya Powley-Florida: Property analysts believe Florida is worth a look due to price falls of as much as 40 per cent since the credit crisis.
"Buyers should look into this market because it probably represents the best value real estate in the world at the moment" says Chadd
Nigel Lewis of FindaProperty.com agrees. "Florida's market is staging a significant recovery in the more desirable areas including the Gulf Coastg and near to Disney World."
Investors can achieve net yields of between 8 to 10 per cent but mortgages continue to be thin on the ground so most deals would require a cash purchase.