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Property abroad: Florida ‘extremely appealing’ location for UK buyers thanks to strong GBP

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The coronavirus pandemic has had a drastic impact on the travel industry, with the future of foreign holidays hanging in the balance. But despite widespread disruption, demand for overseas property has reportedly remained strong. Figures from Europe’s largest privately owned real estate agency, Ideal Homes International, suggest that the property market has boomed overseas.

The firm has sold a whopping 150 properties already in 2021 across Spain and Portugal.

Now, the company is turning to Florida as their next destination of choice.

Chris White, Chairman & Founder of Ideal Homes International, said Florida is “extremely appealing” for UK buyers, despite uncertainty surrounding travel.

He said: “The pound’s stellar performance against the dollar (and its other major counterparts) thus far in 2021 means that Florida property prices are extremely appealing right now.

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The resort is located just minutes away from Walt Disney World and some of Florida’s most famous attractions.

The resort also has its own water park, three large swimming pools, a 20-acre activity lake, a spa, a marketplace and multiple restaurants and bars.

US borders are currently closed until at least April 21, but Florida has remained the most popular destination in the US for foreign buyers.

According to the National Association of Realtors, one in five of all foreign buyers picking up property there.

House prices in Orlando have remained buoyant too, with prices rising by 8.1 percent in the year to February 2021.

For many buyers, the potential for house prices to grow is an important consideration.

Barry Grooms, President at Florida Realtors said: “Florida’s housing market continues to gain momentum and provide support for the state’s economy, even as we all remain vigilant in protecting our health, safeguarding our communities and trying to keep businesses going during the ongoing pandemic.”

UK buyers who are considering Florida as a location for a second home can also use it to generate income throughout the rest of the year.

The resort offers a professionally managed “turnkey” hotel rental programme which can help to offset any purchase costs.

Another important aspect for UK buyers is whether they will be able to visit the country in the coming months.

Britons can travel abroad “to carry out activities related to buying, selling, letting or renting a residential property”, according to the Government website.

Aer Lingus is also offering a new route for Britons from Manchester on July 29, with five weekly services to Orlando.



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