A new development in Charlotte County, Florida, is going to allow investors the opportunity to purchase one quarter of a five-star villa. The scheme is different to 'timeshare' programmes as each investor will own the Title (freehold) to the Florida property.

The furnished villas are located upon the Gulf of Mexico, and are being marketed by Florida Gold Homes. Each comes with a private heated pool and fitted kitchen appliances. Running costs will be shared, and maintenance and management will be in-house. The main benefit for those who purchase will be that they will be able to sell it in the Florida property market in the future and enjoy the possibility of capital appreciation.

If you would prefer your very own Florida property, however, there are other new developments worth careful consideration. The Lake Buena Vista Resort Village is located in Orlando, about a mile from Disney. The resort contains between two and four bedroom condominiums, which will feature wireless internet access, washers and dryers, as well as high definition plasma televisions in all rooms. There are an abundance of amenities offered on-sight, including a fitness centre, clubhouse, restaurants, bars and a heated pool and hot tub. Residents will also be able to benefit from free transportation to the Disney Parks. A two-bedroom condominium starts at around £235,600 and is being offered by Imoinvest.  

Florida property has recently been a topic of hot debate, due to a slowdown in the market. Suzanne Morrill from World of Florida offers her opinion: "Anything you purchase you have to look on as a long term investment, not a quick turnaround. If you are happy to wait three to five years then you will see capital appreciation of about 5 to 6 per cent per year."

As with all property purchases, make sure that you get good advice and an agent that is serving your best interests.

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Read other articles about Florida:
Living and working in Florida
Exploring central Florida
Property in Florida looking to a bright future?

Article published on 27 March 2007