Florida still good 'over long term'

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FLORIDA STILL GOOD 'OVER LONG TERM'

Tuesday, 21 Aug 2007

Florida is still an excellent location to invest in over the long term, one property expert has claimed.

Paul McMullen, sales manager at Escapes2, says that anyone thinking of purchasing a property in the southern US state should make sure that they fly over and check it out before putting down any cash - as "location is everything".

But if you do get the right property in Florida, it can turn out to be an excellent buy, as renting it out for just ten to 15 weeks a year can cover all associated costs.

"When renting property in Florida you can expect to see returns of £400 to £600 a week. If your just renting it for 10 - 15 weeks a year that will cover all your costs," Mr McMullen commented.

"Florida is a good long-term investment. It's not a get rich quick, buy it now, and sell it next year kind of place. It's a stable country and climate - it's a family friendly destination with lots of theme parks and things to do with the kids," he continued.

The US property expert also described Florida as an ideal retirement location, with the cost of living "just a fraction" of what it is in the UK.

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