Once upon a time it was unthinkable that you could invest in property in Florida with cash unless you happened to be wealthy. Yet this is now happening due to a combination of heavy discounts and the falling value of the dollar.
(PRWEB UK) 16 September 2012
The rising value of a country’s currency can make investing in overseas property more expensive, however for foreign investors with stronger currencies, Florida property is now even better value for money according to analysts at Colordarcy.com.
Managing Director Loxley McKenzie commented, “Once upon a time it was unthinkable that you could invest in property in Florida with cash unless you happened to be wealthy. Yet this is now happening due to a combination of heavy discounts and the falling value of the dollar.
For example, anyone investing in U.S. property with Canadian Dollars would have been delighted this year. The Canadian Dollar has been one of the fastest rising currencies in the world in 2012.”
Property prices are on the rise once again in states such as Florida as the market continues to recover. This makes Florida investment property an even better prospect say analysts at Colordarcy.com.
According to Colordarcy.com the number of foreign investors in Florida property has grown significantly with cash investors accounting for 58% of sales made in Florida last year – there are even reports the banks are giving cash discounts to people investing in foreclosed homes in Florida.
Latest statistics reveal that investors from Canada make up 39% of overseas property investors in Florida property. This is followed by a growing number of Brazilian property investors who make up 8%.
McKenzie added, “The dollar we hear has recently weakened again against the Euro, Pound and the Yen and it has been common knowledge for most of this year that China’s rising currency may help stoke up inflation in the US and also reduce (in dollar terms) the country’s debt burden.
This is good for those controlling the national purse strings in the US and foreign investors. The former can have its debt burden reduced by inflation while foreign investors have more spending power on top of property prices that are a long way below their peak.”
The rising value of currencies like those in Canada is giving Canadians greater spending power and many of them are already spending it either on holiday homes in the sun or investment properties where they can begin to make a profit from day one with tenanted property in Florida.
So far from being fearful about the rise and falls of currencies, property investors should take advantage of the opportunity that is now presenting itself to investors all over the world and become a winner in the currency war say Colordarcy.com.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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