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27/04/2007
The town of Daytona could be the next area to see a spike in demand in the market for property in Florida, according to reports...
Miami and Fort Lauderdale are traditionally popular regions, and as these reach their peak, Daytona could attract investors looking for a profitable venture, the Telegraph reports.
Tourism is already providing a solid base for interest in this sector of the Florida property market, with over eight million travellers coming into Daytona every year.
Among the features of the town that make it so popular are its close proximity to Disneyland and the Kennedy Space Centre, its parkland areas, marinas and golf courses and the 23-mile stretch of sand that is the famous Daytona Beach.
Lesley Huxtable, originally from Ilfracombe in Devon, explained to the Telegraph how lucrative investing in property in Florida can be:
"I bought my three-bedroom house one block from the beach in 1997 for $78,000 (£45,000). Today it’s worth $325,000 (£183,000) – which I am obviously pleased about."
This section of the Florida property sector is currently a buyer’s market, according to the report, with the state’s five-year property boom, which saw prices increase by 44 per cent, flattening out of late.
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