Market Strengthening
It has been a very quiet summer and autumn with the high number of resales on the market depressing prices. Potential buyers were (sensibly) waiting for the market to bottom out.
However things have started to wake up again and the big reason for this is the slide in the value of the dollar. Markets closed today with the pound sterling worth $1.96. If you get more dollars to the pound, you can buy a house for less pounds!
Discounting of resales and the weak dollar now mean that you can buy a fully furnished house in a short term rental zone in Orlando for less than £100,000.
Living Florida 08 Dec 2006