Corporate foreign exchange news
Florida 'the one to watch' in US property market
Thursday, 29 July 2010 09:38:22 GMT

Published by Zeb BhamFlorida is the market to watch for investors looking to make a move into US real estate, according to Nubricks.com.Adam Samuel, the director of the overseas property resource, said that there is a high degree of caution pervading the US property market, with sales volumes at a severely depressed level.But while transactions are low, he explained that there are still a considerable number of investors keeping an eye on the market."Florida is the one to watch, but the broader market of the US is still going to take a long time to recover," he commented.He added that the Sunshine State is seeing a comparatively high volume of sales, particularly from foreign buyers.Whether buying outright or entering the market with a foreign property mortgage, Mr Samuel said that buyers are still having considerable difficulty chasing a return on US property.His comments followed research by the Worldwide Property Group which showed that 65 per cent of people believe now is a good time to enter the foreign property market.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site.

