Things are looking up in the Florida property market, with many positive signs for prospective buyers, it has been claimed.

The Florida Association of Realtors (Far) lists the excellent value for money currently offered by Florida property as one of its chief investment appeals, with price drops of over 20 per cent in the past year making it increasingly attractive, the Orlando Sentinel reports.

The investment outlook for the Florida property market is another good sign, according to Director of Far Dr Wayne Archer, who tells the newspaper it can be likened to "people being on the sidelines with full pads and helmets just waiting to jump back in".

Other elements which are cited as appealing to those considering a Florida property investment, such as a second home or holiday let, include the low mortgage rates available to buyers and the state’s popularity as both a migration and retirement destination.

Far is Florida’s largest trade association, with over 115,000 members state-wide.

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