The time is now for anyone wishing to invest in Florida property, a holiday home expert has claimed.

While the recession may not mean smiles for everyone, it will certainly brighten up the Sunshine State for those looking to bag a bargain Florida property as a second home or holiday investment, according to the Guardian’s overseas property authority.

Mr Norwood tells the newspaper: "If you want a bargain, buy a holiday home in Florida – estate agents say prices are 50 per cent to 60 per cent down on their highs of four years ago.

"British and other European buyers are beginning to increase in numbers, buoyed by the improved pound-dollar exchange rate in recent weeks."

Price analysis conducted on behalf of Guardian Money by the British Homes Group has shown that in the town of Kissimmee in particular, over 19,000 examples of Florida property can currently be bought at less than half their 2005 price.

Kissimmee is a popular Florida property destination with tourists, located just south of Orlando and within commuting distance of Disney World.

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