MRI Construction to launch development in Orlando

MRI Construction is about to launch its first ever development stateside. The company will imminently announce its latest project, a large-scale international holiday resort in Orlando, Florida.

This project marks the next phase of its planned growth toward becoming a truly global property developer.

Designed specifically for investors looking to own a second home in the “tourism capital of the world”, this new project will offer properties to an extremely high standard, designed for holiday use and for rental through MRI’s own on-site management company.

While details are still under wraps, Paul O’Mahony, Managing Director of MRI Construction, said: “I can reveal that the development is somewhat different from what has come before from MRI, for reasons that will become obvious when we launch it.”

“There will be a tempting opening offer for current clients of the company,” he added.

US home sales on the rise

Some good news from the heart of the credit crunch – according to the National Association of Realtors (NAR) in the US, sales of existing homes are on the rise by 11% this autumn, as the immediate effects of the squeeze on mortgages bottoms out.

As the first signs of recovery show, it is worth bearing in mind the age-old addage: Buy when the market is at the bottom and sell when it is at the top. There are some real property bargains from MRI in Florida and Tennessee at the moment, and with the exchange rate still favourable (but predicted to drop before Christmas), the window of opportunity to make a sound investment in the US could be running out for UK/European buyers. In short, now is the time for smart investors to act.

MRI currently has a GBP149 property viewing trip offer from the UK to Florida. Fill in the form there to find out more.

Florida a big summer hit with Brit buyers

With the low prices caused by problems in the US housing market and the current weak dollar against the pound, Florida has proved to be the surprise summer hit with canny UK investors looking to “buy at the bottom of the market” in the US.

MRI has seen the most bookings for many years for viewing trips to its US regions (Miami and Orlando in Florida and Pigeon Forge in Tennessee).

“We have literally thousands of clients wanting to take a closer look at the properties we have on offer in the US market,” said James Robinson, MRI’s Chief Marketing Officer, who has no complaint about the extra work this is creating for his team at a traditionally quiet time of the year.

“The market conditions mean that this is the best possible moment to look seriously at making an investment in the US market, and if we have to work overtime in August to field all the enquiries, well that’s a great position to be in!” he said.

MRI is currently offering inspection trips to view properties in Florida for GBP149 a person.