Summary
Record numbers of Britons are flocking to the sunshine state of Florida after the fall in the US dollar, according to foreign exchange specialist Travelex.
Travelex's figures, taken from its Foreign Exchange for Homebuyers service, show an 80 per cent increase in the number of Britons wanting to buy property in America, and a 50 per cent increase in the number of US properties bought by Britons in the past six weeks, predominantly in Florida.See the full content of this document
Extract
Britons Flock to Florida in a New Gold Rush
House prices in Florida rise by ten per cent a year on average, but because of the favourable exchange rate, the actual cost in sterling has fallen by 9.5 per cent over the past 12 months.
'The investment potential of US pr...See the full content of this document
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