Proving that there is a silver lining to every cloud, recent devaluation and the strength of the pound to the dollar means that the established markets popular with British buyers currently hold many good property deals.

Steve Parnell, author of 'Buying and Selling Property in Florida' was recently quoted as saying, "news of America's nose-diving real estate industry and some troubles in the Florida market in particular might have some potential buyers frightened off.  However, a closer look at the market and the facts shows 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 almost enjoy two homes for the price of one." 

Jack Osborn, from All Homes Abroad is launching a series of USA property exhibitions throughout April.

"I believe this is the opportunity of a generation for those in the UK who wish to own property in America" Osborn says. "The GBP vs. USD currency exchange rate is near a 25 year high in favour of the Pound, and USA properties may well have bottomed out now."

Despite the current uncertainty in the American property market Osborn believes that British buyers of American property aren't suffering.

"Many in the UK purchased USA holiday homes back in the mid 1990s and saw their homes double in value, or increase even more, during the long rise in property values. Throughout the USA, properties have declined around 10% during the last few months. Those who purchase several years ago are doing fine. It's those who purchased just prior to the current decline who have been hurt by the drop in prices."

"But, real estate is not a liquid investment and generally should not be bought as a short-term investment. I would advise overseas property investors to always purchase real estate as a long-term investment. For those who have always wanted to own USA property, I believe that the time is now".

Even in the current market decline, tourism is increasing in Orlando, which retains it's status as a popular destination for a family holiday, ensuring a strong rental market which is always an important factor for Brits interested in investing in holiday home properties.

One possible issue of concern for buyers is financing their American property purchase. In the UK mortgage market, the global financial crisis is resulting in higher deposits and less generous terms. Osborn reassures buyers, "Good financing is still available for sound overseas property investments. Prior to the recent decline some many lenders were offering loans with a 25% down payment, some even lower. At present, lenders will advance loans at around 70% LTV on solid projects"

For those interested in finding out more about the current American property opportunities, All Homes Abroad are running USA property exhibitions in Dundee on April 4th and 5th, London on April 10th and 17th and Sheffield on April 26th and 27th.  Admission is free but it is strongly suggested that you reserve your place. 

Among the properties represented include a new development of American holiday home condos adjacent to the Orange County Convention Center, which is the USA's second largest convention center. This project is by Pulte Homes, America's largest homebuilder. Due to the proximity of these holiday home condos to the convention center they provide a unique rental income opportunity from the 11 million business visitors to Orlando every year in addition to tourism rental opportunities.

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For more information visit:
www.allhomesabroad.co.uk

Article first published 3 April 2008