(PRWEB) July 16, 2008
The oversupply of quality homes in Florida, the strength of the pound against the dollar and the prospects of recession across the USA, means more and more UK buyers are on the hunt for a Florida property bargain. And British Homes Group has helped hundreds of British families buy their dream property in the Sunshine State.
A recent article in The Orlando Sentinel entitled 'Local home values are still in the toilet, and the flushing continues' lamented the decline of central Florida house prices. However, this fall creates an excellent opportunity for savvy UK property investors to snap up a bargain.
Residential property values in central Orlando fell faster than the national average during the first quarter of 2008, according to a new study, with the average home losing another 6.4 % in market value since the end of last year. This coupled with the prospects of a recession hitting the US hard does not paint a sunny picture at all.
Property sharks in the US looking to take advantage of local housing slumps are doing their best to time the market - searching for the best moment when prices bottom out before going for the kill. But timing isn't everything. US economists also advise on investing in areas such as Florida where there is a buyers' market with healthy job growth and an oversupply of good quality houses due not to economic downturn but to overbuilding that should balance out in time.
Property investors in the UK have even more reason to invest in property in the area - notably the 26 year high of the pound against the dollar. Buyers in the US have been finding it increasingly difficult to get mortgages as 'credit crunched' US banks become more conservative in their lending decisions. This means that developers who can't sell and are desperate to raise cash and move on to their next project are literally off-loading their property on to the market. There is nothing wrong with the product, just highly motivated sellers.
To get an idea of the fantastic bargains to be had - you can pick up a beautiful 5 bedroom, 3 bathroom fully furnished home with a pool, located in the Clear Creek neighbourhood of Florida only 15 minutes from Disney World for only $225,000!
If you're convinced that now is the time to invest in Florida, how do you go about it? It can be quite a daunting prospect buying a home in a country several thousand miles away with a shuddering economic climate. That's where the British Homes Group comes in (http://www.britishhomesgroup.com ). It guarantees impartial, professional advice on the current Florida market, on sales and mortgages and much more. BHG's aim is to make the buying process for the UK purchaser completely smooth and hassle-free.
The British Homes Group is in a unique position in the Florida property market. Based in Florida, it is staffed by a team of British and American professionals, experts in both UK and US property purchase and financing procedures. Through Florida's 'Multiple Listing Service' and co-brokerage arrangements, BHG's 'British Homes Sales' department has access to one of the largest selections of dream home and investment properties available in Florida.
The British Home Loans division is dedicated to providing personalised, private and unbiased Florida home loan advice on fixed and flexible mortgages from numerous competing lenders and in a variety of currencies.
The British Homes Group also provides excellent customer service up to and beyond completion including ongoing mortgage advice and advice on tax, insurance, immigration and visa matters. It will even help buyers to select furniture packages and interior design services and provides a free villa listing on one of the largest villa rental websites in the area.
Lee Weaver, Midlands born director of operations and marketing for BHG who has been in Florida since 1993 says: 'Now is definitely the time to be buying a property in Florida. Our philosophy 'advise in the best interest of the client', has resulted in a high percentage of our business coming directly from client referrals and word of mouth. Our Mortgage Advisors and processors handle client files personally from application to closing with regular client updates and advice. Closing times are consistently met and unforeseen events are kept to a minimum. We take pride in giving British people the best home buying service here in Florida.'