Am in Florida (Melboure/Merrit Island) again this week working and have had a look around in my spare time. Am pretty sure I am going to put an offer on a place. Its a 60's house 3 bed 3 bath with 75" wide lot on deep water canal. Think I will get it at $400k or very close. At this price its 15% down on a year ago and to me personally worth it as a long term buy and hold even if the market goes down further. I have always wanted a place with a dock and at this price I am going to bite the bullet. I would rather have this for 200k pounds than some crap 1 bed BTL in the suburbs! A few years out I will probably leave the UK and move here anyway and use the equity from the UK pace to retire early or start some business........................Looking around I do think some new builds and condo's inland are still declining and at risk but think the waterfront stuff is a tremendous opportunity. For those who are interested property tax is $4,400 with the new appraisal and insurance about $1500.

While you're there call into the COCOA BEACH SURF COMPANY (Just up from Ron Jon's) Mention my name and my personal tailer Mr Dingi Dan will kit you out.

$400k! sure prices have further to fall but with the exchange rate a house with a boat dock on the Space Coast's, gotta be better than a 1 bet flat in London!

it's not rocket science!

Pablo Silver or Lead?

I am staying right down the road from there at the Hampton and commuting into Orlando a bit.

Yes thats what I thought about buying now, its something I want as opposed to an investment.

By the way people I work with here say property tax will be lowered in 2008? Apparently something is happening at state level to cut the millage rate %.

I am also purchasing some property in Palm Bay, a bit South of Melbourne.

It is clear that the property tax will decrease and they miight get rid of Save our Homes stuff. Melbourne area seems to be one of the last places in Florida where property does not cost an arm and a leg and is still acceptably nice.

The other readon I chose the area as opposed to Spain etc is you can actually get a decent paying job if needs be which is not the case in other vacation destinations.