A property auctioneering firm has said the availability of Orlando property at lower prices is plentiful due to the high number of foreclosures in the property sector.

Hudson and Marshall of Texas, which carries out real estate auctions, has announced it is to reintroduce a programme to help people buy properties at auction – known as the homebuyer auction programme – because of the trend.

The firm said that "upscale homes that are turning buyers’ heads" are among the properties coming onto the market in this way.

Such a situation may prompt those thinking of buying an Orlando property to enter the market in search of bargains.

Commenting on the situation in Orlando and the rest of the state, director of operations at the British Homes Group Lee Weaver recently stated: "In all our years helping UK buyers find Florida dream homes, there has never been a better time for Brits to buy in Florida."

British Homes Group is also involved in the Florida auction sector.

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