East Coast of Florida offering double digit returns

East Coast of Florida offering double digit returns

With the US property market showing signs of a gradual recovery, now could be the ideal time to snap up Floridian real estate, especially on the East Coast, with one agent promising double digit returns on investment in the area.

Knight Knox International believes that it is in a position to offer 'sizeable returns' for those considering buying a property in Florida, having made the most of market conditions that saw 50 per cent wiped off the value of prime Floridian real estate.

The company's Senior Property Consultant Matt Lavin comments: “We always ensure that we choose projects in locations that are financially viable for investors. For example, The Villas at La Cita – not only does the site deliver the strongest possible NET rental returns each year for investors; the community is also very close to a wide range of attractions including golf courses, beaches and national parks. These elements combined offer investors both strong annual rental profits and solid capital growth prospects as the marker begins its recovery”.

Villas at La Cita, in the Cape Canaveral area, start from just £23,036 and are currently generating 10 per cent net returns.

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