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19/04/2007
The best places to invest US property are New York and Florida, according to an investment company...
With the pound hovering around the $2 mark, offering low prices and a high exchange rate, Buy Association has recommended the popular tourist hotspots to Britons looking to buy in America.
Spokesperson for the company, Paul Collins, commented that as a result of this, holiday homes and apartments are likely to see a hike in desirability.
"Owners in Florida may want to step up the marketing of their properties to make the most of this, though the happiest owners will probably be people who own short-term lets on Manhattan," the expert said.
However, there have been some concerns of late about a potential collapse of the residential property market in the US and the consequences it could have on the economy.
People looking to invest in these areas could find themselves with over 30 million neighbours as more than 15 million people live in the US state of Florida, while approximately 19 million inhabit New York.
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