Miami will be the Florida property destination with the best recovery from the recent downturn, it has been stated.

Director at Mayfair International Realty Annette Reeve said that the city had been among the first to be hit by the subprime crisis and had suffered badly due to an oversupply of properties.

However, she added, it is now appearing to be "one of the quickest" to make a comeback, noting that those involved in the industry in the city are reporting rising sales.

Ms Reeve said that these tended to be cheaper homes, but noted: "They were virtually all new-build and virtually all from investors and that is always a very good sign."

Those investing in Florida property may also be able to pick up some foreclosed existing homes at bargain prices.

Data from housing research company RealtyTrac for April showed that Miami had the ninth highest rate of foreclosure filings of any city in the US that month, followed by Orlando in tenth.

The Cape Coral-Fort Myers urban area had the highest rate in the whole country.