The number of foreclosure properties for sale across Florida are falling, signalling the beginning of the end for rock-bottom prices in the Sunshine State, say property experts in the area.

1/3 of Floridian home owners are in negative equity according to an infographic released by Lender Processing Services (LPS), a leading US provider of mortgages and consumer loans.

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The Floridian property market is well on its way to recovery, according to one agent operating in the sunshine state, who has reported a 60 per cent rise in sales during 2012 compared with 2011 and an increased desire among developers to start buying land and building new projects.