Property
investment in
Florida is a good long-term option, according to an industry
expert.
Paul McMullen, sales manager at
property investment website Escapes2, said landlords with
Floridian
property in their
investment portfolio could earn between £400 and £600 in rental
income per week.
Renting out a property investment for between ten and 15 weeks
annually could cover all their costs, according to Mr
McMullen.
However,
property investment in Florida is not an option for those
hoping to get rich quick or people who plan to sell the investment
in the near future, he added.
Florida is a good long-term investment thanks to the
stability of the country and the climate.
Mr McMullen added that the current exchange rate means investment
in the US
property market is particularly favourable for British property
buyers.
The strength of the pound against the dollar is making
[investment] strong at the moment, he said.
Florida is a family place to go to and people go back year
after year.
According to the Florida Association of Realtors, a typical
single-family
home in Florida sold for £243,200 in June.
