Florida’s properties ‘are reaching saturation point’
Properties in Florida are not necessarily the best bargains as the market is reaching an over-saturation point, according to an independent specialist.
Andrew Bartlett Florida believes that just because the properties are much cheaper compared to the UK, does not mean they are bargains.
Emigration and property specialist Andrew Bartlett added: "Those [houses] aren’t necessarily a good investment if there’s thousands and thousands of similar properties so it really is [important to] have independent advice specifically on where the opportunities are."
Meanwhile, property in Brazil is currently booming and there has never been a better time to invest in the Latin American nation, according to investment advisor IN2.
Figures from the Institute for Public Policy Research, published by the BBC, showed that 678,000 Brits lived in North America in 2006, 24 per cent of which were over 64-years-old.
Recent information from the Office of National Statistics showed that 14,000 people in the UK owned second houses in America between 2003 and 2004, up more than 2,000 from the previous year.
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