Following my recent extensive trip covering the four corners of Florida looking for the best property investments I felt it would be useful to take some time to give you an update of the property market from the ground. This will be the first of three blog posts concerning Florida.

Firstly there are many amazing investment and lifestyle opportunities in the State of Florida, it is the 4th most populous US state, with an incredible infrastructure, hugely diverse economy and an abundance of natural beauty, unspoiled beaches and wildlife. The people are very proud of their state and I can see why.

There has been a lot of contradictory media attention about the US housing market, one day you might hear property prices are rising, the next that they are falling.

The reality is that just like the UK or Ireland, the property market in Florida is local and should be looked at on a micro level rather than taking investment decisions on a macro, state wide information.

Torcana work in the distressed market, which is quite distinct from the regular market. Within this market we concentrate on taking advantage of distressed sellers and developers who have relatively small amounts of unsold properties within very well run and well built resorts. These properties can be purchased for less than their construction cost. It is a very active and aggressive market and this type of distressed inventory is down nearly 50% year on year.

Kind Regards

David Shaw

Torcana Sales Manager

Tags: distressed property, Florida Property Investment, Torcana

This entry was posted on Tuesday, December 8th, 2009 at 5:10 pm and is filed under USA Property. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.