Running out of suckers in America? There's still a few bubble-ignorant Brits interested in buying pre-construction condos in Florida

Probably extending the bubble a few weeks, Brits are notorious overseas property investors, and as you know have bought up a lot of those Miami pre-construction condos, thinking they'd rent them out for positive cash flow, or get rich flipping them.

After inflating their own crazy bubble on this island, they went all through the EU - Poland, Slovakia, France and more, buying up communist-era flats, flipping homes to each other, telling everyone they knew how easy it was bringing in even more suckers, and the merry go round continues.

If I had the misfortune of having a condo I needed to get rid of in the US, I wouldn't be marketing it in the US - I'd be placing ads here, in the UK.

There's a huge exhibition across the way from my overpriced flat this weekend - Homes Overseas - targeting the suckers here with the promise of riches in Dubai, Hungary, Singapore and Miami among others. Lots of snake oil salesmen manning the booths, convincing Brits to blow their retirement savings on a wing and a prayer in some far off land. Including Miami. Here's the Financial Times report. I love the Miami condo developer's quotes and lies.

Terrorist attacks, war in the Middle East and concerns about the US market did little to damp interest in this weekend's overseas property show at London's Earls Court.

William H Crowe, a diminutive American in a tie displaying Snow White's seven dwarves, was seeking buyers for a development in Florida at the Homes Overseas Magazine exhibition.

"Traditionally in our area, prices are going to go up 10 per cent a year," he asserted. "But if you tell people that they won't believe you, so we're presuming 5 per cent."

Recent data from the US, however, have indicated a sharp slowdown in both the number of property sales and in price rises.

Mr Crowe agreed domestic buyers were becoming more reticent. "When the going gets tough, the tough get going: that's why I got on a plane and flew to London. I'm a phenomenal winner."

Next door, on a stall with cheerful Stars & Stripes, Carol Venables from Homes of America Ltd was also positive. "You read stuff in the newspapers but from our experience as homeowners it's often wrong. I have just invested in Florida and don't think it is dangerous".

The enthusiasm of British investors for overseas homes in recent months suggests it would take more than some weak data to halt the trend.

A quarter of a million households in England own at least one home abroad, according to the latest government statistics, double the figure of 10 years ago.

Buyers are becoming ever more adventurous. Spain, Portugal and France are now seen as old hat by many investors who are now exploring places such as Cape Verde and Morocco.

Some have been encouraged by television programmes showing property speculators abroad. In the most recent, One Year to Pay Off Your Mortgage, people remortgage their homes and use the money to buy developments overseas.