PRLog (Press Release) -
Jun 15, 2010 -
Although perennially associated with the glamour of Miami Beach, the attractions of Disney and the abundant wildlife of the Everglades, there is more to the Sunshine State than beaches and condominiums, tropical weather and luxury hotels. The recent turmoil in financial markets has revealed some amazing real estate opportunities in Florida writes Steve Hamlet, Director of international property specialists
http://www.couturecasa.com/florida.
The terms ‘repossession’
and ‘foreclosure’
may conjure images of urban decay in the industrial heartlands of the USA, but the effects of the credit crunch have affected a wide cross-section of Americans and residents of Florida have not escaped unscathed. During the boom years, with ever-rising property valuations and the easy availability of low interest rate mortgages and secured loans, many homeowners took advantage of easy access to this ‘free’ money.
Unfortunately, for many homeowners the slowdown in the economy triggered by the global economic crisis coincided with the readjustment of interest rates to more realistic levels. In simple terms, as income was squeezed, outgoings jumped significantly - immediately putting many borrowers under intense pressure. The nature of many of these ‘non-recourse’
loans allowed people to simply hand over the keys to their properties and walk away from their commitments.
With this in mind and security of income being of paramount importance the company has highlighted a less well known side of the local the property market – substantial three bedroom houses much in demand with local working families. Many of these properties have been constructed within the last ten years and they are offered – already generating income from sitting tenants – from as little as $80,000 with net yields of up to 13%.
For more information please visit http://www.couturecasa.com/
florida.
Information on some of the best and potentially most profitable property developments in the World. We look for innovative pricing structures, often with low entry levels, built in equity and high yielding rentals.
We aim to establish long term relationships with each of our clients built on mutual benefit, professionalism and trust. We are dedicated to continuously improving product quality, service excellence and performance.
Our investment projects are invariably suitable for armchair investors. They vary from city properties purchased solely for investment purposes, offering solid returns with minimum direct involvement, to villas and apartments in glamorous locations offering the buyer additional benefits such as free personal usage for a number of weeks per year.
