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Why Buy in Florida?
Discounted Florida property – Save between 30 – 70%
Similar to the UK, the downturn of the US housing market have been well-documented and there are many difficulties for those wishing to sell their home. Economic and market forces have created one of the greatest real estate opportunities ever seen in the US. If you are looking to buy for future gains you may well view it as one of the most exciting times in overseas property. If you want a quick return, we have sourced many properties at an extremely low price which many need some minor rehab and then the property can be put straight back on the market for many $10,000’s higher than the total acquisition cost. This is referred to as a property flip.
Tourist Capital of the World?
Florida is the fastest growing US state and for a very long time Florida and specifically the Orlando area has been one of the most successful tourist destinations in the world. The beautiful climate offers an all year summer season. The attractions appeal to all ages, young and old! Florida is definitely not just theme parks, there is beautiful scenery, fantastic golf courses, beautiful beaches (some voted within the top 5 in the World) and many other outdoor experiences. Eating out and shopping is extremely affordable compared to many European cities. Florida offers a relaxed lifestyle that brings in visitors from all over the world. The appeal is not only to foreigners. There are many US states that experience extreme winter chills and many of them,along with the Canadians head to the Sunshine state seeking the warm climate and lifestyle on offer here. Many of these people are retired and may spend from 1 – 3 months (or longer sometimes) here and are referred to as ‘snowbirds’
Statistics:
All of the above facts make Florida not only one of the best places to buy property in the US, but the world. At the height of the market many people began in invest in emerging unproven markets, those buyers are now buying in Florida, a proven and established market for the last 75 years. This has been a safe property and will attract many buyers in the upcoming years.
Despite the problems being faced by the US in the domestic property market the reasons for investors buying in Florida are exactly the same. It remains very difficult to beat as a family holiday destination. Whether your preference is for the theme parks and attractions, the weather, the golf, shopping or just the lifestyle – many people are just happy to come here and live in a luxury villa for a week or so, to read, chill out and lie by the pool, venturing to the local supermarket to stock up their large fridge or going out to eat which can almost be as cheap as eating at home. Not only does this make it an ideal holiday home location, it means Florida remains an attractive proposition for the rental market. In many ways, rental income on property in Florida should be on the up in the coming months and years, as people affected by the credit crunch will be renting in order to visit Florida, rather than buying their own property as they might have done previously.
Long Term Rental Market
Alternatively, you may consider the buoyant long term rentals market.. The many residents who have lost their homes are now looking for a place to rent on a lease basis. These people are in jobs and spend around $1,000 per month on a 3 bed property and $1200/$1500 on an average 4 bed properties. Many investors are buying low and receiving hundreds of dollars per month over their expenses. In the meantime the property values will increase and you have no overhead costs. We recently had 3 bed properties (without pools) which sold for around $65-$75,000. Many were bought by investors who were going to lease them out from $850-$1000 per month.
- The global economy is in a state of recession. Many traditional investment vehicles seem suddenly untrustworthy and unreliable.
- The time has arrived for savvy investors to look at a wider variety of investment opportunities.
- The Florida Real Estate has suffered a serious loss of value during the last few years.
- Quick thinking investors have been creeping into the Florida Real Estate market since the start of 2009. Those with cash in hand have been able to obtain unprecedented bargains.
- Investing in property is a dream to most people, now it can become reality at these deeply discounted prices.
Similar to the UK, the downturn of the US housing market have been well-documented and there are many difficulties for those wishing to sell their home. Economic and market forces have created one of the greatest real estate opportunities ever seen in the US. If you are looking to buy for future gains you may well view it as one of the most exciting times in overseas property. If you want a quick return, we have sourced many properties at an extremely low price which many need some minor rehab and then the property can be put straight back on the market for many $10,000’s higher than the total acquisition cost. This is referred to as a property flip.
Tourist Capital of the World?
Florida is the fastest growing US state and for a very long time Florida and specifically the Orlando area has been one of the most successful tourist destinations in the world. The beautiful climate offers an all year summer season. The attractions appeal to all ages, young and old! Florida is definitely not just theme parks, there is beautiful scenery, fantastic golf courses, beautiful beaches (some voted within the top 5 in the World) and many other outdoor experiences. Eating out and shopping is extremely affordable compared to many European cities. Florida offers a relaxed lifestyle that brings in visitors from all over the world. The appeal is not only to foreigners. There are many US states that experience extreme winter chills and many of them,along with the Canadians head to the Sunshine state seeking the warm climate and lifestyle on offer here. Many of these people are retired and may spend from 1 – 3 months (or longer sometimes) here and are referred to as ‘snowbirds’
Statistics:
- Florida has a population in excess of 17 Million.
- Over 75 Million tourists visit Florida every year.
- Florida has over 1,800 miles of coastline with over 1200 miles of beaches.
- Florida has 12 International Airports.
- Florida has over 385,000 hotel rooms.
- Florida has over 1,250 golf courses.
- Florida is home to the theme park capital of the world.
- Florida is the most Southerly State in the USA with a year round climate.
- Over 350,000 people move to Florida every year!
All of the above facts make Florida not only one of the best places to buy property in the US, but the world. At the height of the market many people began in invest in emerging unproven markets, those buyers are now buying in Florida, a proven and established market for the last 75 years. This has been a safe property and will attract many buyers in the upcoming years.
Despite the problems being faced by the US in the domestic property market the reasons for investors buying in Florida are exactly the same. It remains very difficult to beat as a family holiday destination. Whether your preference is for the theme parks and attractions, the weather, the golf, shopping or just the lifestyle – many people are just happy to come here and live in a luxury villa for a week or so, to read, chill out and lie by the pool, venturing to the local supermarket to stock up their large fridge or going out to eat which can almost be as cheap as eating at home. Not only does this make it an ideal holiday home location, it means Florida remains an attractive proposition for the rental market. In many ways, rental income on property in Florida should be on the up in the coming months and years, as people affected by the credit crunch will be renting in order to visit Florida, rather than buying their own property as they might have done previously.
Long Term Rental Market
Alternatively, you may consider the buoyant long term rentals market.. The many residents who have lost their homes are now looking for a place to rent on a lease basis. These people are in jobs and spend around $1,000 per month on a 3 bed property and $1200/$1500 on an average 4 bed properties. Many investors are buying low and receiving hundreds of dollars per month over their expenses. In the meantime the property values will increase and you have no overhead costs. We recently had 3 bed properties (without pools) which sold for around $65-$75,000. Many were bought by investors who were going to lease them out from $850-$1000 per month.
