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Developers offering free holidays in Florida - 3 April 2008

Struggling Florida developers are offering amazing incentives in a bid to attract buyers.

According to The British Homes Group (BHG), A free family holiday to Orlando, worth up to $7,500, is being given away by a mortgage broker to encourage people to buy a home in Florida.

The free holiday includes: return airfares, limousine transfers, three nights in a 4-bedroom luxurious, fully-furnished town home (with the option to extend the stay at a special rate), car rental, VIP property tour and Day passes to a local theme park.

Investors taking up this enticing offer will stay at Paradise Palms in Kissimmee, Florida, a development of two-story town houses that come with private, screened, heated swimming pools. Prices start from $357,990 (£180,364) for a 4 bedroom / 3 bathroom home.

Other promotion incentives include a $10,000 reduction on the current price of the property and a $6,000 allowance towards mortgage closing costs (legal fees). For the British buyer, the value of these incentives is multiplied by the currently highly favourable currency exchange rate of the U.K. pound against the U.S. dollar.

Lee Weaver, of The British Homes Group, says: “For the UK buyer, prices of property in Florida are at their lowest level since 2003. The choice is immense and the quality extremely high so it’s a true buyer’s market. We have never seen such a superb range of real financial incentives to bring the price down lower still.”

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