The (London) Times published a short article earlier this month on opportunities for British buyers in Florida. The primary focus of the article was new-build condos and houses in developments that, now built, are difficult to sell because of the downturn in the U.S. property market. Some such properties are now being sold on online auction websites for prices vastly under what they were valued at a year or so ago.
Nevertheless, the article also highlights some possible problems with buying in Florida. Notwithstanding the current slump there, issues include high-ish property taxes, and the concern that British owners may run into financial trouble at home, causing a knock-effect in the Sunshine State.
Article: Florida property bargains for Brits (7th November 2008, The Times)
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