Florida property in particular is attracting increased attention from UK buyers, who are taking advantage of the depressed market to snap up their perfect home in the sun.

"Recently, news of America's nose-diving real estate industry and some troubles in the Florida property market in particular might have some potential buyers frightened off," says Steve Parnell, author of 'Buying and Selling Property in Florida'. "However, a closer look at the market and the facts show that now is the ideal time to consider this subtropical paradise. In fact, based on figures from only a few years ago, British buyers can enjoy two homes for the price of one!"

David Giles, Director of real estate agent Property Deals Florida, agrees. "Brits have certainly been enjoying their 'two for the price of one' dollar to the pound rates," he says. "The rate's currently a favourable 2.01 USD per GPB, and as the American economy falters, overseas investors are now in the driving seat and able to negotiate substantial discounts. Florida has always been an attractive location for lifestyle holiday-home purchasers, but combine that with a weak dollar and it has now become a hot ticket for serious property investors and should remain so throughout 2008."

Whilst economists have predicted that the dollar will remain weak, history tells us that in a due course normality will certainly resume – in which event, the rate of 1.6 or 1.7 USD to the pound will become average again. It seems as though British buyers should act now to take advantage of bargain Florida property.

Property Deals Florida is currently offering one-, two- and three-bedroom apartments in 1800 Club, Downtown Miami (pictured). The Club enjoys cityscape views, a fitness centre, billiards room, bar and business centre. Prices start at $300,000 for a one-bedroom apartment.

The most popular Florida properties are those which offer nearby lifestyle and leisure opportunities. Golf property in particular is in demand, although Pat Tan of Keller Williams Realty comments that the golf market in Florida is undergoing a revamp.

"Buyers are looking for amenity-rich communities," she says. "Golf alone is no longer enough. Most purchasers want to live in a community that can offer other opportunities. We are also seeing the preference of the high-end buyer for the 'branded' product".

One development that seems to fit the bill is the Nicklaus Manor at The Concession, Lakewood Ranch. A high-end development with 24/7 concierge services, it boasts a Jack Nicklaus golf course designed in conjunction with Tony Jackson. The 33 homes which cluster around this central course are up for sale, starting at a cool $2.2 million.

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Property Deals Florida
Patricia Tan
Lakewood Ranch