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Weak Dollar Could Fuel Florida Economy in 2008

LEE COUNTY: Experts are hopeful that international tourists taking advantage of a weak dollar will fuel Southwest Florida's economy in 2008.

From the beach to the mall - the sound of foreign accents is everywhere. Most of the visitors come from Canada or European countries like England and Germany.

The visitors say it’s a matter of dollars and common sense.

"My Euro goes a lot further in the U.S. than it did four years ago," said Jerome Boralezi, who is visiting Southwest Florida from Holland.

Right now he is getting $1.47 for one Euro - making every buy a bargain.

"We bought Ralph Lauren, Calvin Klein - stuff you can get in Holland but would be expensive probably double the price," said Boralezi.

Real estate agents believe that the weak dollar will turn the international tourists into residents.

"I see the favorable exchange rates fueling the market with the number of calls we're receiving," said real estate agent Scott Berry.

Berry says foreign buyers could help you if you're trying to sell your home.

"A lot of people have been waiting for the signal that it's okay to buy and in my mind, this is the signal. Once the people from foreign countries start buying then others start buying," said Berry.

Boralezi says he plans to buy a vacation home on the beach.

"We're figuring out what's nice and what place we like," he said.

Experts say it is a win-win for foreign buyers and for residents of Southwest Florida.

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Obviously, there has never been a better time to buy Florida Real Estate.

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Sand Castle Realty Group. Happy Agents. Happy Customers. Why Would You Ever Settle For Less?

For all your real estate needs in Orlando, Winter Park, Windermere, Lake Mary, and Lake Nona, count on the experts at Sand Castle Realty Group to assist you.

Take advantage of the high inventory and low prices to buy your piece of paradise in Florida. Now is the time for Florida Real Estate, but you better hurry as I do not expect this situation to last much longer.

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