Sales of property in Florida have continued to rise, new figures have revealed.

According to the Florida Association of Realtors (FAR), falling prices have contributed to the increase, with investors seeking Orlando property bargains among those benefiting.

The FAR found that sales of existing homes in the state as a whole rose by 28.9 per cent in December – the fourth consecutive monthly increase.

And the statistics showed that sales were also up 27 per cent when compared to December 2007 levels.

Those thinking of investing in Orlando property may also find that mortgages have become more affordable, as the FAR noted that the average interest rate for a 30-year fixed deal was 5.29 per cent in the final month of 2008, down from 6.1 per cent a year earlier.

The Orlando Foreclosures Expo is being held next month, offering potential investors an opportunity to meet with sellers before making a purchase.

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