Investment Watch: Florida flies to the top
Florida has flown to the top of TheMoveChannel.com´s latest buy to let listings, according to the latest Investment Watch. The report, which ranks the monthly level of interest in the portal´s listings, saw a Florida condo follow a Michigan apartment in November to become the most popular property on the real estate site at the end of 2011.
The two-bedroom US property is an example of the current trend for buying tenanted homes, which promise investors up to 14 per cent net returns. This type of investment remains the most popular category on TheMoveChannel.com, occupying the top two spots in the Investment Watch chart. Buy-to-let demand in the UK was so strong that off-market city apartments in Leeds remained in the Top 10 for the second month in a row, rising up the ranks to attract the second highest number of enquiries in December.
While buy-to-let demand dominated, however, Spanish property was the month´s main player. After Spain´s earlier Top of the Props victory in December, the most popular country on the portal went on to occupy three positions in the Investment Watch Top 10.
The first, an Andalucian beach house, offers a mortgage that includes the sales price and VAT as well as stamp duty. Such low prices and finance options were the main cause for Spain´s consistent level of interest as lifestyle buyers continued to look for cheap overseas bargains.
Two-bedroom apartments in Marbella occupied fifth place, also boasting price reductions of 52 per cent with an inclusive finance plan, while the sixth most popular property listing in December belonged to a three-bedroom town house, similarly reduced for a quick sale.
In addition to their discounted values, the three Spanish properties have another thing in common: they are all located in the Andalucia region, suggesting that the South of Spain is a particular area of interest for investors.
The Top 10 Investment Properties for December 2011 are as follows: