Much of the downtunr in interest in property in Florida is due to an oversupply in housing.

Nonetheless, tourism is Florida's number one industry, and with visitors to the state showing no sign of abating, property in Florida could still be considered a sensible investment - if not necessarily in the short-term.

Kim Williams from Special Dreams property management in Florida says, "There is currently a lot of speculation about the longevity of the Florida property market as a good investment. There are so many homes being built here but I think there is still a good opportunity for property investment if you are in it for the long haul." 

The great amount of property in Florida is good news for those looking to purchase: it really is a buyer's market.

Andrew Bartlett, an independent property consultant, specialising in Florida property says that British investors can easily pick up a Florida property bargain – this is especially the case due to the strength of the Pound against the Dollar. But Bartlett warns that, even given these conditions, not every Brit ends up with a bargain: "All too often British buyers pay way over the odds for the wrong property in Florida." So be sure to look around, compare prices, don't be rushed into anything and you'll maximise your chances of getting the best property in Florida possible on your budget.

You can currently pick up a fully furnished, six-bedroom property in a gated-resort in Orlando (one of the best regions for property in Florida with year round rental income) for $509,500 (approx. £260,000) through MRI Overseas Property. The price includes access to fitness centre, pool, gym and games room.

Also in Orlando, a condominium resort of 288 two and three-bedroom apartments is just being completed. The Tuscana development provides property owners with access to a $2 million clubhouse complete with 35-seat private viewings cinema, a fitness centre, Tiki bar, snack bar and convenience store. There are 25 condominiums left for sale at Tuscana priced from $360,000 for a two-bedroom and from $390,000 for a three-bedroom property, inclusive of a full furniture package.

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