With Florida property prices still a fraction of their level at the peak of the market in 2007, more Britons are enquiring about the prospect of buying property in Florida.

New enquiries to The Overseas Guides Company (OGC), a UK-based resource for people buying or moving overseas, increased significantly by 38% during Q1 2012 compared to Q4 2011.

OGC’s latest data reveals that demand for homes in USA is hotting up, particularly as far as properties in Florida are concerned, with new enquiries reaching 1,002 during the first three months of 2012, representing rise of 61% on the previous quarter.

Richard Way, editor of OGC, says that he is not surprised by this surge in interest, given the Florida property deals that some property firms are now able to offer British people looking for a good value overseas home in Florida.

Way said that there are enticing deals to be had across Florida, especially in the Orlando property market, with a “four-bedroom detached home in Kissimmee available for just $75,000, around £43,000”.

Mr Way also points out that homes in Orlando generally constitute a good rental investment, with double-digit rental returns available.

Original Article Colin Murphy, Torcana.