Last weekend's (UK) Sunday Times had a general article on purchasing property overseas, and the problems associated with buying and selling in a variety of countries popular with Brits. The overall conclusion is that those looking to buy in Europe - Spain, Tuscany, the Dordogne region - can expect a fair amount of choice as some areas have an oversupply of properties. The strong Euro, however, will probably negate chances of buyers finding absolute bargains.
In the case of Florida, the Sunday Times writes that "buyers are in a good position" and that they should do their research and "drive a hard bargain". Overall, it comments that the property market in Florida is in crisis, but reveals that the exception to this is Palm Beach Country where, according to estate agency Savills, property "has not done down one iota".
Article: Strong Euro and credit crunch impact overseas property buyers (The Sunday Times, 20th April 2008)
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1 comment:
For no money I would buy somethin in Palm Beach,the place is boring.
Rolf
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