Good day Simon,
All the answers are good. Some of the best places to look are going to be where the prices are lower, inventory of new homes/condos is slightly above demand but not a glut and with positive economic and tourism news in the pipeline.
A few areas I deal with fit these criteria:
Mobile (also the city name) and Baldwin counties. Mobile benifited from New Orleans damage as a port city that was basically undamaged. There have been many news reports from CNN, CNBC, New York Times, Business Week, etc about the recent influx of massive investment from ThyseenKrump, EADS/AIRBUS and others. The city and immediate Gulf coast will recover value quickly as these businesses relocate and hire over the next 3-5 years.
The Emerald Coast of Northwest Florida is mostly unknown to Europeans but new fasttrack international airport is under construction near Panama City. There is currently a glut of condos and very high end single family homes but with the opening of thie facility the world will discover this gorgeous region.
And of course to the west of the Alabama Beaches of Dauphin Island, Gulf Shores and Orange Beach is the waterfront gaming emporiums of Biloxi with lots of room for growth.
I practice real estate as an agent in Alabama and Florida and have aliances in the Biloxi region. I am also an investor and partner in developments and construction in the region. Through alliances/relatives I can also offer access to hotel and hotel management companies.
If I can be of service email mlaney@ForgottenGulf.com or call USA1-251-650-4017