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Foreign investors have an edge over their American counterparts. Not only can they buy American properties at half price 2:1 pound dollar ratio they can become entrepeuneral in the process by leasing short term rentals abroad. Unlike time share, purchasing a short term rental allows the unit to pay for itself. Since most vistor's visas are for 90 days, it would allow 4 families, to share a wholly owned property. Reducing the costs of ownership to a mere 25%. That makes it more than affordable wouldn't you agree? Realtors love working with eager buyers. Eager buyers are ones who realize the market is prime for picking. The American economy is global news. It is no secret the housing market is presenting unique opportunities for investors looking to capitalize on their investments across the pond.
Compared to expenses abroad, our cost of living here is still a bargain. A flat in the UK is substantially smaller. Petrol prices are higher, and a hamburger averages about $7.00
S T R E T C H I N G British pounds while E X P A N D I N G their living space makes for a "Cheap and Cheerful" Buyers Market. For example IF we were to offer a 4-5 bedroom 3 bath home for £144,500 Do you think it might sell?
What does Florida have that the UK does not?
- Larger homes & lower prices
- Year Round Summer Weather
- Less Rain
- Cheaper Gas (Petrol) prices
- 90 Day Tourist Visas
- Opportunity To Rent Out Your Holiday House
Perhaps now is the best time to rediscover America. Cheers!
Nice post ... although real estate in local, buyers are global and many will take advantage of the exchange rate and our current down turn ... as they should because we do the same in their markets.