Florida property prices have fallen as low as they are going to go and are at the bottom of the market, an expert has claimed.Speaking to the Times, florida property expert Joanna Leverett commented: “Prices have reached rock bottom.”
Examples of bargains available in the state included homes in Kissimmee and Davenport, with the latter offering a case where three bedroom villas prices at $300,000 ( £220,000) have been reduced to $150,000 (£110,000).
The paper commented that Florida property remains highly sought-after for Britons because of its many beaches, attractions and golf courses.
Florida property seekers hoping to pick up foreclosed bargains could also have more chances to do so, a recent report may indicate.
A study of where the most mortgages in 60 days arrears or more were in the US during the fourth quarter, by credit reference agency TransUnion, revealed that the highest rate of these was in the state, at 9.5 per cent of all home loans.
The time to buy property in Florida is now!
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