Across the nation the value of the dollar is dropping and the real estate market is declining. Could it turn out that one will end up helping the other? Thanks to the ailing American dollar, foreign investors have good reason to buy real estate in the United States. A favorite choice among foreign real estate investors is the sunny state of Florida.
The nearby attractions of Florida make it a popular vacation choice. No matter where you are you have access to warm and sandy beaches. There are also various attractions all over Florida. With the British pound trading 2 to 1, it creates a good opportunity for U. K. residents to purchase property in these fabulous areas of fun and leisure in the sun at a bargain price. Tampa is a top choice for foreign real estate investors because of its convenient location between Disney World and the Gulf beaches.
The American dollar has enjoyed a healthy run as the king of world currency. Today, however, the American dollar finds itself matched by the Canadian dollar, as well as being half the value of the pound. This creates a unique opportunity for Europeans to scoop up some of the many beachfront condos and other Florida homes to enjoy the features of Florida. Ownership, as opposed to rental allows for enjoyment of Florida's attractions without the limitations of reservations, black out dates, and advanced planning. Another option is to sell for profit when the market eventually turns back around.
For those foreign market investors, or anyone else for that matter, looking to make a home away from home in Florida, the condo market is a perfect match. There are many condo developments located in close proximity to all the major parks, offering convenient access and lots of choices anytime travel is convenient. Available in a variety of styles and at a variety of prices, it offers opportunity to many different kinds of buyers. In most cases the lawn, landscaping, and other maintenance is taken care of for the owner making it easy for the owner to come and go as he can without worrying that the vacation property is being properly cared for.
As the economy continues to drop and meet new challenges, the number of first time home buyers decreases, making way for the emerging foreign real estate buyers and investors. This surge in foreign investor activity could be the factor that breathes life back into our nation's real estate market and economy.
Julia Vakulenko is a licensed broker associate with Tampa4U.com Realty. She has one of the hardest working Tampa Real Estate team in Florida specializing in Westchase Real Estate .