Florida USA, the sunshine state, has much more yields for its citizens than just a quiet and cosy life beside the shore. Florida has a booming real estate industry and has developed to be an economically stable state, considering its downfall in the year 2008. According to the Bureau of Economic Analysis, Florida has the 4th highest GDP in the United States of America.
Sources say that the real estate market here is the most reliable cause of income and of building wealth passively. The reason being that the state offers various investment offers and a credible return on investments. Furthermore, an abundant population of the state ensures that there are steady investments into real estate.
Beaches and sun are not the only reason that makes the state attractive to tourists, Universal Studios, World’s first Walt Disney along with various theme parks amidst all this Florida has the most desirable climate and cultural diversity, ample reasons to encourage tourists from all over the world to visit Florida.
Benefits for investors in Florida:
- Affordable prices with desirable properties for investment and viable deals for investors.
- The growing economy of the state offers investors a reasonable Return On Investment.
- Low mortgage rates on properties and lower tax rates.
- With various job and entrepreneurship opportunities in various sectors, Florida has the country’s lowest unemployment rate.
- Florida is ranked the No.1 state in the United States of America regarding foreign investment in the real estate market.
Most reliable city in Florida for investing in real estate:
Foreign investors have been eyeing the city of Orlando, Florida, particularly for real estate investments. The demand has been consistently growing because of low-taxes and even better ROI rates. Affordable rates and desirable properties are an added feature for investors. The city is diverse in culture, because of continuous two-way migration- from within the country and around the world.
Looking in-depth at the investment culture of Orlando:
- The residential properties in the city have seen a 25% spike in investments.
- Demand for houses is predicted to rise by 7.5% by the second quarter of 2021.
- Residential properties cost approximately USD$ 165 per sq. foot.
- USD$ 1,139 per month is the average rent in Orlando.
- 46% of the residential properties are occupied by renters, hence Orlando is also called the Renters Hub.
- 13% of the housing units also rent houses for less than USD$ 1,000 per month.
Where to invest in Orlando, Florida?
- Storey Lake, Orlando, Florida:
This location has become a centre point to buy vacation homes, due to its peculiar surroundings of the World’s first Walt Disney, Universal Studios, various other theme parks. Most of these vacation homes are renter sought. The area of Storey Lake is just 17 miles away from Orlando Airport.
- Arden Park, Orlando, Florida:
Located in Orlando’s suburb area, Arden Park includes various amenities such as a swimming pool, fitness centre, park, and a clubhouse. Easy access to highways like the Florida turnpike and Florida 429.
- Hanover Lakes, Orlando, Florida:
The estimated ROI at Hanover Lakes is 5.34%. Hanover Lakes has backyard boat docks, making it the most unique set-up in the city, with access to boating, jet skiing, splash padding, and feeling much closer to nature. With more amenities in the yard.
Krypton Global Investments will assist you to now own a real estate property in the prime locations of Orlando, Florida, with credible ROI. Find various patterns and plans on investments.
Source: Roof Stock: https://learn.roofstock.com/blog/orlando-real-estate-market (Statistics)