Why Now Is The Time to Snap Up A Florida Holiday Home 

A sharp rise in the value of the pound is giving UK buyers a golden opportunity to get more for their money when purchasing property overseas – with Florida emerging as a prime hotspot.

At the start of the year, sterling sat at around $1.23 against the US dollar. Today, it’s hovering around $1.35 – a leap that adds serious buying power for British investors looking at securing a property in the sunshine state.

To put that into context:

• In January, £350,000 would have secured around $430,500
• Today, that same budget converts to approximately $472,500 – a boost of $42,000 without spending a penny more

That’s enough to afford a larger home, a more prestigious location, or to cover essential costs like legal fees, taxes, or even a furniture package.

Alistair Brown, CEO of international real estate firm ABI Group said: “This shift in the exchange rate has opened the door wider for UK buyers looking to invest overseas – and Florida, in particular, remains a firm favourite in the US.

“You’re getting more for your money, more value long-term, and access to one of the world’s most vibrant property markets. If you’ve been considering a holiday home, rental investment, or future relocation spot – now is the time to act.”

Florida continues to attract British buyers thanks to its year-round sunshine, family-friendly communities, thriving rental market, and direct flights from the UK. And with the current exchange rate, UK investors can now target areas and property types that might have been out of reach just months ago.

Brown gives his top three tips a UK buyer should know before committing to purchasing a property in the US.

1. Understand the cost of ownership

“Beyond the purchase price, factor in costs such as HOA (Homeowners’ Association) fees, property taxes (which vary by state), insurance, and ongoing maintenance. Florida homes – especially those in gated communities or near golf resorts – often have monthly fees you’ll want to budget for.”

2. Don’t skip seeking legal advice

“The US property system is different to the UK’s. Always work with a qualified Florida-based real estate agent and a property attorney to ensure everything is above board.

“Unlike the UK, properties are bought through escrow and titles are checked and insured – having a team that knows the local legal landscape is crucial.”

3. 3. Think about rental income 

“Many UK buyers let their homes as short-term holiday rentals when they’re not using them. Be sure to check legal obligations, such as tenant rights, fair housing regulations, and maintenance responsibilities, before renting out a property.

“It can sound daunting but the return on investment is usually highly rewarding.”