British investors still choose Florida first

LONDON – July 3, 2007 – Although British investors in American property are exploring a broader range of locations, Florida remains the favorite, says Adrian McDermott, managing director of Escapes2, a property investment company.

McDermott says California and Las Vegas have attracted interest in the last few years, but “the vast majority of people are looking in the Orlando, Fla., area because that is where you can get rental return.” Ultimately, he says, Florida is hard to beat as a vacation destination.

“I’d say 50 percent of buyers are people looking primarily for a holiday home and getting something that can contribute toward the running costs, and the other 50 percent of our buyers are investors.”

Source: Overseas News (06/26/07)

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