PROPERTY SEARCH

Country: Price (min): Price (max): Location i.e. Costa Del Sol: Type of property: Bedrooms (min): Bathrooms (min):

Homes Go Fast

Free News By Email

Subcribe to property news

Enter your Email

Preview | Powered by FeedBlitz

Property Sales Enquiry Line

For UK Residents call free on:

0800 043 00 96

For visitors out of the UK call:

+44 207 099 33 92

*property references are required

Overseas property news

We are dedicated to bringing the best and most up to date overseas property news to you daily, why not sign up for news alerts by email.

Pound Hits Resistance as Exchange Rates Falter

High Profile Events in the Algarve Portugal

Mexico Food Festival Coming

Egyptian Tourism Revenue 2009

Promenada in Warsaw to Expand

Boxxet Network

blogarama.com

Homes Go Fast

Florida real estate, currency & the overseas buyer

A unique combination of a buyers market in Florida and the weak US dollar makes an irresistible combination for overseas property buyers considering buying real estate in Florida. Moneycorp Foreign Currency specialsts report a surge in foreign exchange enquiries from savvy US property investors, as the Pound leaps to a 14 year high against the Dollar. Florida realtors report that Florida real estate is in demand from US and international buyers.

Ernie Harpster of Remax New Dimensions Realty Tampa comments about real estate in Tampa Florida ‘It is a buyers market, but our pricing seems to have levelled out, as buyers are taking advantage of all the deals available, and the interest rates are still historically very good. Florida has a very strong rental market, with professional property managers finding it easy to locate renters. We have very low unemployment rate approximately 3.5%, and a continued influx of people moving to Tampa, approximate figures are around 7000 people per month which is consistent with the average growth experienced during the last 5 years; I think many of the people in the international markets, like the fact Tampa is 1 hour from Disney World, and only 50 min. to Clearwater beach, ranked Florida's 3rd best beach on the warm gulf of Mexico side of Florida.

Many investors are taking advantage of the weak dollar by placing forward contracts to exchange currency at current rates, but crucially for delivery at a later date. Rates can be fixed for up to two years in advance which is long enough to cover almost all property purchases from start to finish. With the widely predicted slump in US house prices, they stand to save up to 30 per cent on current prices.

Nick Bull from Moneycorp said: “As we reach the landmark two dollar pound this week, Moneycorp has already seen a significant increase in the number of people selling pounds sterling and buying US dollars. With the exchange rate at a 14 year high it’s no surprise that many investors are selling Sterling and buy Dollars.

Bull adds: “Many people believe the time is right to lock into these rates by placing forward contracts with Moneycorp. Clients are taking this opportunity to forward planning their purchase to take advantage of the market movements.”

Exchange rates have been driven higher in recent months by a strengthening Pound on the back of increased UK interest rates. Further interest rate hikes to kerb inflation could lead to an even more favourable GBP/USD exchange rate.

Favourable exchange rates can save people thousands of pounds on their overseas property purchase. In January 2006, £150,000 would have bought as little as $257,850, but at 2 dollars to the pound, the same amount would have purchased $300,000 – some $42,150 more.

A forward contract with Moneycorp allows clients to lock into a favourable exchange rate and protect themselves from adverse currency movements. Their money will then be delivered at a time of their choosing, within the next two years.

Free Currency Consultation available

Florida Property for sale

Overseas Property For Sale in United States

United States

GBP 1,500,000

SOUTHERN CALIFORNIA ESTATE SALE-LEASEBACK

United States

USD 1,800,000

LUXURY PROPERTY FOPR SALE KISSIMME

United States

GBP 47,000

Affordable Florida property near

United States

GBP 99,400

Company: Urich Realty You are

United States

GBP 154,693

Your home In Kissimmee Florida

United States

USD 3,680,000

Between 31st and 32nd street,

United States

GBP 2,418,062

A rare opportunity to purchase

United States

GBP 87,500

Nestled amongst a beautifully

Other Overseas Property Destinations...

Spain France Portugal Turkey Bulgaria Cyprus Italy United States Greece Malta Egypt Dubai Brazil Cape Verde Hungary Croatia Thailand Germany Poland Morocco

Find overseas property

Real estate guides, luxury homes, property news, investment properties, real estate agents & advice for buying property abroad.

Africa and the Middle East

Americas

Bahrain	Cape Verde	Dubai	Egypt	Argentina	Belize	Brazil	Canada
Gambia	Jordan	Mauritius	Morocco	Costa Rica	Mexico	Nicaragua	Panama
Qatar	Saudi	South Africa	Tunisia	Paraguay	Uruguay	Venezuela	USA

Asia Pacific

Caribbean

Australia	Cambodia	Fiji	India	Antigua	Anguilla	Barbados	Bahamas
Indonesia	Japan	Malaysia	New Zealand	Caymans	Dom Repub	Grenada	Guadeloupe
Philippines	Thailand			Jamaica	Antilles	St Kitts	St Vincent
				St Lucia	Turks Caicos	Trinidad	Virgin islands

Central and Eastern Europe

Western Europe

Albania	Bulgaria	Croatia	Czech Rep	Austria	Cyprus	Finland	France
Estonia	Hungary	Latvia	Lithuania	Germany	Gibraltar	Greece	Malta
Poland	Montenegro	Romania	Slovakia	Netherlands	Italy	Ireland	Portugal
Slovenia	Turkey	Ukraine		Spain	Sweden	Switzerland	UK