British Investors Flock to Florida

It seems the experts were right, while American nationals are struggling to come to terms with a very depressed housing market, European property investors, in particular the Brits, are starting to make hay while the sun shines. Florida in particular appears to have attracted significant interest from UK buyers looking for a bargain investment.

"With the exchange rate currently a favourable 2.01 USD per GBP, now is the ideal time to consider this subtropical paradise. Brits have certainly been enjoying their 'two for the price of one' dollar to the pound because, as the American economy falters, overseas investors are now in the driving seat and able to negotiate substantial discounts," explains David Giles, director of real estate agent Property Deals Florida.

"At Property Deals Florida we have many incredible properties for sale, including the ultimate in Miami condo luxury, at significantly discounted prices. We're always able to use our reputation in the market to push the prices down even lower."

The predicted gold rush across the Atlantic is now said to be building momentum.

"Florida has always been an attractive location for holiday home purchases, but combine that with the weak dollar and it has now become a hot ticket for serious property investors and should remain so throughout 2008," says Mr. Giles.

So if you fancy a slice of the 'Sunshine State', what's on the market?

1800 Club, Downtown, Miami

1800 Club is at the heart of the performing arts district of Downtown Miami. Comprising 469 units across 41 floors, with one, two and three bedroom apartments, 1800 Club offers cityscape views from each apartment as well as from the pool decks.

"Every 1800 Club residence comes complete with fitness centre, billiard room, bar, business centre, spacious balconies and floor-to-ceiling windows affording views of Biscayne Bay and Downtown Miami," explains Mr. Giles.

"Kitchens are fully-equipped, including granite worktops and stainless steel double sinks, while bathrooms come with Jacuzzi bathtubs and marble flooring."

Prices start from USD $300,000

ArTech, Aventura, Miami

"ArTech is a contemporary development flanking 900ft of beachfront real estate in the trendy area of Aventura," says Mr. Giles.

"It is styled more like an aerodynamic vehicle than a building, with the boomerang-shaped construction embracing curvilinear lines and sloping contours."

Beginning with a quadruple height reception area, residents can take advantage of valet parking, wireless internet services, 24-hour staffing, and all of the shopping and schooling of Aventura on their doorstep.

Onsite amenities include a 177ft triangular infinity edge waterfront pool with whirlpool spa and barbecue area, fully-equipped fitness centre, yoga/dance studio, Turkish bath, saunas, cinema, tennis and racquetball courts, billiard room, lobby café, private marina, and much more.

"The private marina will be exclusively for residents and will accommodate yachts up to 70ft," explains Mr. Giles.

"Owners will also be able to enjoy beach club membership of the nearby Le Méridien Sunny Isles Beach."

Covering nine storeys, ArTech offers a total of 232 condominium residences ranging from one bedroom, one bathroom bachelor pads, to three-level penthouses with terraces and gardens surveying the local area.

"The properties themselves have floor-to-ceiling windows, fully-fitted and integrated designer kitchens and intelligent domestic electrics covering security and television connections. Individual touch screen monitors will access the internet and onsite services. Penthouses will also boast the 'Penthouse Lifestyle Package' including a personal home theatre comprising 5.1 digital surround sound and a 42" high-definition plasma television," says Mr. Giles.

"With prices starting at USD $900,000, this exclusive development is well worth a look."

For further property information contact info@propertydealsflorida.com, visit www.propertydealsflorida.com or telephone 00 44 1635 255788

Source: Purple Cake Factory and Property Deals Florida

© PropertyIndex.com 2008 | Last Updated: 26 March 2008