Posts Tagged ‘Florida’

Florida property has continued to perform strongly in June, the latest figures have shown, with prices rising for the tenth consecutive month.

Newly-published statistics from the Florida Association of Realtors also showed that sales of Florida property are showing improved year-on-year comparisons, which will come as good news to those who have recently invested in a Florida property.

Joel Naroff, president of Naroff Economic Advisors, told Tampa Bay Online: "The turnaround in the housing market appears finally to be here and indeed may be gaining some speed."

The monthly figures showed a 13.8 per cent rise in the amount of Florida property sold in June this year compared to May, according to the website.

Meanwhile, sales of Florida property rose 28 per cent in June compared to last year’s levels, with 15,850 homes being snapped up by Florida property investors, as opposed to 12,339 units in the same month in 2008.

Holidays to the US, including those to Florida property, are the third most popular choice among UK-based tourists, according to recent figures from the Office of National Statistics.

Visit Rightmove Overseas for the best selection of Florida property. Stop dreaming, start searching!

A little literary inspiration may prove helpful to some Florida property seekers on the hunt for their Sunshine State home.

Bookworms and Florida property-seekers alike should consider a trip to the Ernest Hemingway Home and Museum in Key West, where one of America’s most famous lived and wrote for ten years between 1931 and 1941.

The luxury home features a 65-foot swimming pool, installed by the author himself at a cost of US$20,000 (£12,123), which remains the largest in the Key West region.

Other statement pieces which may give Florida property hunters expensive ideas include original French chandeliers and Hemingway’s vast art collection, which features a replica of the famous cat sculpture gifted to the author by Picasso.

However, anyone with cat allergies may want to skip their trip around the posh Florida property, as 60 descendants of the author’s original feline companions still inhabit the grounds.

Recent figures from the Office of National Statistics place US destinations, such as Florida property vacations, as the third most popular choice among holidaying Brits.

Visit Rightmove Overseas for the best selection of Florida property. Stop dreaming, start searching!

Real estate investors with Florida property are surviving the recession by renting out houses from their portfolios, it has been claimed.

Florida property rentals in the West Palm Beach area form one of the top two most lucrative homes-for-hire markets in the US alongside celebrity-haven Hollywood, according to a forthcoming article in Forbes magazine.

According to Thomas Francis, in his New Times blog: "You pay $500,000 (£303,721) for a structure with four apartments that generate $1,200 each in monthly rent, which comes to an annual total of $57,600.

"Take away a five per cent allowance for vacancies and eviction costs and 10 percent for property management fees. That leaves $49,000."

He added that Florida property buyers should also take factors such as property taxes, capital improvements and maintenance costs when working out the numbers for their future Florida property empire.

Anyone investing in Florida property will be living in one of the 67 counties that make up Governor Charlie Crist’s constituency.

Visit Rightmove Overseas for the best selection of Florida property. Stop dreaming, start searching!

Florida property is fast becoming a hot ticket for UK residents seeing the benefit of holidays to long-haul destinations, it has been claimed.

While penny-pinching Brits are cutting back on expenses at home, they are not prepared to sacrifice their annual holiday, according to travel agent On the Beach, with many electing to flying to Florida property to secure a holiday bargain.

Marketing director at On the Beach Alistair Daly commented: "Many holidaymakers can see the value in travelling further afield.

"Whilst the airfare may be slightly higher, this additional money can be saved […] with £1 now worth over 1.65 dollars, we have seen a rise in bookings to Florida."

According to recent figures from the Office of National Statistics, holidays to US destinations, such as Florida property, remain the third most popular choice among British tourists.

French property and Spanish property remained the most popular choice of vacation destination among UK citizens.

Visit Rightmove Overseas for the best selection of Florida property. Stop dreaming, start searching!

Anyone considering investing in a Florida property for their retirement may be interested to know that the state is considered to have a relatively low tax rate.

Near-retiree Catherine Keller, 60, has been searching for the cheapest state in which to spend her retirement and has found that so far nothing beats Florida property for a low cost of living, according to New Jersey Business News.

Ms Keller told the newspaper: "Tax implications are really important to me […] you can adjust your way of living, but once you’ve settled, you can’t change your tax situation.

‘It would make sense to live someplace and not pay state taxes […] then maybe I could take an extra vacation every year.’

There are currently nine states that do not charge residents broad-based personal income tax, of which Florida is one.

Ms Keller is also keen on a Florida property for her retirement because of the state’s warm weather and the value for money offered by properties there, the newspaper reports.

British golfer Justin Rose is reported to be a big fan of Florida property, having moved to a special golfing community within the sunshine state, according to the Telegraph.

Visit Rightmove Overseas for the best selection of Florida property. Stop dreaming, start searching!